To revise details related of the law that allows deficit financing for fiscally failing cities, including <A href="http://www.michiganvotes.org/2011-SB-318">a provision</A> passed a few weeks before this bill’s introduction that allows the City of Ecorse to borrow $8.5 million, to allow refinancing of existing city loans, and revising guarantees for lenders.
110 Yeas / 0 Nays | |
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