2008 House Bill 5866 ↩

Senate Roll Call 233: Passed

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 House Bill 5865.