Introduced
by
To revise details related of the law that allows deficit financing for fiscally failing cities, including <a href="http://www.michiganvotes.org/2011-SB-318">a provision</a> passed a few weeks before this bill’s introduction that allows the City of Ecorse to borrow $8.5 million, to allow refinancing of existing city loans, and revising guarantees for lenders.
Referred to the Committee on Local, Intergovernmental, and Regional Affairs
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 110 to 0 (details)
To revise details related of the law that allows deficit financing for fiscally failing cities, including <A href="http://www.michiganvotes.org/2011-SB-318">a provision</A> passed a few weeks before this bill’s introduction that allows the City of Ecorse to borrow $8.5 million, to allow refinancing of existing city loans, and revising guarantees for lenders.
Referred to the Committee on Local Government and Elections
Passed in the Senate 37 to 0 (details)
