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Mackinac Center for Public Policy
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2012 Senate Bill 1125: Authorize more state government housing subsidy debt

Public Act 328 of 2012

  1. Introduced by Sen. Mike Kowall (R) on May 15, 2012, 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 Senate Economic Development Committee on May 15, 2012.
      • Reported in the Senate on May 31, 2012, with the recommendation that the bill pass.
  2. Passed 33 to 5 in the Senate on June 6, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on June 7, 2012.
    • Referred to the House Commerce Committee on June 7, 2012.
      • Reported in the House on September 19, 2012, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on September 19, 2012. The substitute passed by voice vote in the House on September 19, 2012.
    • Amendment offered by Rep. Tom McMillin (R) on September 19, 2012, 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 in the House on September 19, 2012.
  4. Passed 85 to 20 in the House on September 19, 2012, 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.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the Senate on September 20, 2012.
  6. Passed 33 to 5 in the Senate on September 25, 2012, to concur with the House-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  7. Signed by Gov. Rick Snyder on October 9, 2012.

Comments

Re: 2012 Senate Bill 1125  by isabelleelise on May 16, 2012 

 


The state should not be in the housing market.  Nor should tge state be picking winners and losers.



2012 Senate Bill 1125  by admin on May 16, 2012 
Introduced in the Senate on May 15, 2012

Click here to view bill details.