Introduced
by
To revise the law that authorized borrowing $400 million against future tobacco lawsuit settlement revenue for the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program, so as to refinance some of the existing debt, reissue some of the debt as tax-exempt bonds, and borrow more money against this revenue source to pay for the $60 million in tourism industry promotion subsidies proposed by Senate Bill 1223.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the bill pass.
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
Passed in the Senate 37 to 0 (details)
To revise the law that authorized borrowing $400 million against future tobacco lawsuit settlement revenue for the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program, so as to refinance some of the existing debt, reissue some of the debt as tax-exempt bonds, and borrow more money against this revenue source to pay for the $50 million in tourism industry promotion subsidies proposed by Senate Bill 1223.
Referred to the Committee on Natural Resources, Tourism, and Outdoor Recreation
Substitute offered
by
To replace the previous version of the bill with one recommended by the committee which reported it. The substitute incorporates technical changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 86 to 21 (details)
To revise the law that authorized borrowing $400 million against future tobacco lawsuit settlement revenue for the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program, so as to refinance some of the existing debt, reissue some of the debt as tax-exempt bonds, and borrow more money against this revenue source to pay for the $60 million in tourism industry promotion subsidies proposed by Senate Bill 1223.
To concur with the House-passed version of the bill.
Passed in the Senate 38 to 0 (details)
