2001 Senate Bill 28 / 2002 Public Act 747

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Introduced in the Senate

Jan. 30, 2001

Introduced by Sen. Philip Hoffman (R-19)

To place in permanent statute (rather than annual appropriations bills) a railroad loan fund which finances improvements on property and facilities owned by railroads. The bill requires the appropriation of up to $15 million over several years to establish the loan fund.

Referred to the Committee on Appropriations

Feb. 21, 2001

Substitute offered

To replace the previous version of the bill with one which prohibits the state from requiring collateral or pther credit guarantees to qualify for a loan from the fund.

The substitute passed by voice vote

Feb. 22, 2001

Passed in the Senate 32 to 1 (details)

Received in the House

Feb. 22, 2001

To place in permanent statute (rather than annual appropriations bills) a railroad loan fund which finances improvements on property and facilities owned by railroads. The bill requires the appropriation of up to $15 million over several years to establish the loan fund.

Dec. 10, 2002

Substitute offered

To replace the previous version of the bill with one which removes a prohibition added by the Senate on requiring collateral or pther credit guarantees to qualify for a loan from the fund.

The substitute passed by voice vote

Passed in the House 102 to 4 (details)

Received in the Senate

Dec. 12, 2002

Passed in the Senate 33 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. John Engler

Dec. 30, 2002