Introduced by Sen. Tony Stamas (R) on August 22, 2007, to require the investment officer of a local government to provide quarterly reports on its “surplus funds” investments, rather than annual reports.
Referred to the Senate Local, Urban, & State Affairs Committee on August 22, 2007.
Reported in the Senate on October 18, 2007, with the recommendation that the bill pass.
Referred to the House Intergovernmental, Urban And Regional Affairs Committee on October 30, 2007.
Passed 95 to 13 in the House on December 13, 2007, to require the investment officer of a local government to provide quarterly reports on its “surplus funds” investments, rather than annual reports. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on December 27, 2007.
1) 2007 Senate Bill 678 (Revise local government financial reporting frequency ) by admin on January 1, 2001 Introduced in the Senate on August 22, 2007, to require the investment officer of a local government to provide quarterly reports on its “surplus funds” investments, rather than annual reports
The vote was 37 in favor, 0 opposed and 1 not voting