To increase from $125 million to $250 million a cap on how much Detroit can borrow to finance its ongoing gap between spending and revenue, and establish in statute that these lenders (bond holders) would have a priority claim on future state revenue sharing payments even if Detroit files bankruptcy.
30 Yeas / 6 Nays | |
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Democrat (15 Yeas / 1 Nay) | |
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Republican (15 Yeas / 5 Nays) | |
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Excused or Not Voting (2) | |
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