Introduced
by
To allow the City of Ecorse to borrow $8.5 million to repay the tax revenue it collected for school districts but spent itself rather than delivering to the schools. The bill would also authorize procedures for using a contracted “third party tax collector,” with tax revenue collected to repay the debt deposited in an escrow account.
Referred to the Committee on Education
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Local, Intergovernmental, and Regional Affairs
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that allows Ecorse to increase the cap on this new borrowing from 10 percent to 12 percent of the assessed value of all property in the city.
The substitute passed by voice vote
Amendment offered
by
To allow the city to use the borrowed money to pay the administrative costs of borrowing the money.
The amendment passed by voice vote
Passed in the House 106 to 0 (details)
To allow the City of Ecorse to borrow $8.5 million to repay the tax revenue it collected for school districts but spent itself rather than delivering to the schools. The bill would also authorize procedures for using a contracted “third party tax collector,” with tax revenue collected to repay the debt deposited in an escrow account.
To concur with the House-passed version of the bill.
Passed in the Senate 37 to 1 (details)
