2007 House Bill 5446 / 2008 Public Act 56

Authorize $4.2 billion MSHDA debt cap

Introduced in the House

Nov. 8, 2007

Introduced by Rep. Bettie Cook Scott (D-3)

To extend a $4.2 billion bond cap on the the Michigan State Housing Developing Authority until Nov. 1, 2011. Under current law the bond cap became $3 billion as of Nov. 1, 2007. The bill is part of a package comprised of House Bills 5442 to 5447.

Referred to the Committee on Banking and Financial Services

Nov. 28, 2007

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 4, 2007

Passed in the House 95 to 10 (details)

To extend a $4.2 billion bond cap on the the Michigan State Housing Developing Authority until Nov. 1, 2011. Under current law the bond cap became $3 billion as of Nov. 1, 2007. The bill is part of a package comprised of House Bills 5442 to 5447.

Received in the Senate

Dec. 5, 2007

Referred to the Committee on Banking and Financial Institutions

Feb. 7, 2008

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

March 5, 2008

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

March 6, 2008

Passed in the Senate 38 to 0 (details)

To extend a $4.2 billion bond cap on the the Michigan State Housing Developing Authority until Nov. 1, 2011. Under current law the bond cap became $3 billion as of Nov. 1, 2007. The bill is part of a package comprised of Senate Bills 950, 951 and 1133, and House Bills 5443 and 5446.

Received in the House

March 6, 2008

March 13, 2008

Passed in the House 104 to 1 (details)

Signed by Gov. Jennifer Granholm

April 2, 2008