2012 House Bill 5287 / Public Act 232

Revise school, college and local government bank account detail

Introduced in the House

Jan. 26, 2012

Introduced by Rep. Ed McBroom (R-108)

To revise details of the types of bank accounts in which school districts are allowed to keep funds.

Referred to the Committee on Banking and Financial Services

Feb. 22, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 22, 2012

Passed in the House 108 to 0 (details)

Received in the Senate

March 22, 2012

Referred to the Committee on Banking and Financial Institutions

May 8, 2012

Reported without amendment

With the recommendation that the bill pass.

May 15, 2012

Substitute offered

To replace the previous version of the bill with one that also exempts property occupied by a charter school from property taxes levied for school operating purposes.

The substitute passed by voice vote

May 16, 2012

Amendment offered by Sen. Coleman Young (D-1)

To strip out a provision exempting property occupied by a charter school from property taxes levied for school operating purposes.

The amendment failed 12 to 26 (details)

Passed in the Senate 26 to 12 (details)

To exempt property used by charter schools from property taxes levied for school operating purposes. Also, to revise details of the types of bank accounts in which school districts are allowed to keep funds.

Received in the House

May 17, 2012

June 13, 2012

Passed in the House 58 to 52 (details)

Signed by Gov. Rick Snyder

June 26, 2012