To require the higher Michigan Education Loan Authority to establish a special reserve fund to provide security for the debt it has incurred; allow the Authority to determine the minimum size of the reserve fund; and require the legislature to give it money in an appropriations bill should the reserve fall below the minimum the Authority has established.
29 Yeas / 0 Nays | |
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Republican (19 Yeas / 0 Nays) | |
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Democrat (10 Yeas / 0 Nays) | |
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Excused or Not Voting (9) | |
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