2010 Senate Bill 1324 ↩

House Roll Call 357: Passed

To establish criteria for the allocation of some $2.3 billion worth of federally-subsidized or guaranteed bonds authorized for use in Michigan under the federal "stimulus" spending plan. Essentially, the federal government picks up 45 percent of the interest expense of local or state debt incurred under the program, or guarantees loans to private businesses selected by local government officials.