Introduced
by
To increase from $3 billion to $4.2 billion the amount of debt he Michigan State Housing Development Authority (MSHDA) may incur in performing its role of providing taxpayer-backed mortgage loan guarantees, subsidies and more.
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 33 to 5 (details)
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bills 5648 and 5649, meaning this bill cannot become law unless those do also. Those bills would restrict MSHDA from subsidizing non-housing development projects, and require it follow certain conflict of interest standards.
The amendment failed by voice vote
Passed in the House 85 to 20 (details)
To increase from $3 billion to $4.2 billion the amount of debt he Michigan State Housing Development Authority (MSHDA) may incur in performing its role of providing taxpayer-backed mortgage loan guarantees, subsidies and more.
Passed in the Senate 33 to 5 (details)
To concur with the House-passed version of the bill.
