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“sinking funds”

2023 Senate Bill 63 / Public Act 26

Education: financing; use of school sinking fund; allow for school transportation.

Introduced by Sen. Dayna Polehanki (D-5) on Feb. 9, 2023
Substitute concurred in by the Senate on March 2, 2023
Passed 28 to 10 in the Senate on March 7, 2023
Passed 61 to 45 in the House on April 20, 2023
Signed by Gov. Gretchen Whitmer on May 8, 2023

2007 House Bill 4141

Expand school “sinking fund” uses

Introduced by Rep. Mark Meadows (D-69) on Jan. 25, 2007
Passed 71 to 28 in the House on Dec. 11, 2008

2008 Senate Bill 1517 / Public Act 308

Allow local governments to invest in CD Account Registry Service programs

Introduced by Sen. Tony Stamas (R-36) on Sept. 18, 2008
Passed 38 to 0 in the Senate on Oct. 2, 2008
Passed 103 to 0 in the House on Nov. 13, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

2008 House Bill 6297 / Public Act 307

Allow schools to invest in CDs

Introduced by Rep. Ed Clemente (D-14) on June 27, 2008
Passed 107 to 0 in the House on Sept. 18, 2008
Passed 38 to 0 in the Senate on Oct. 2, 2008
Passed 103 to 0 in the House on Nov. 13, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008