Public Act 452 of 2008

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• Introduced by Rep. Joan Bauer (D) on November 12, 2008, to exempt borrowing of up to $50 million by Lansing to aquire a new performing arts facility from a law that caps the maximum term of such debt, and instead allows a 40 year term. The bill would also exempt the refinancing of certain past borrowing by Lansing from provisions of a 2001 law that prohibits these municipal refinancings to instances where they actually save taxpayer dollars, rather than just lengthening the repayment period.
  • Referred to the House Appropriations Committee on November 12, 2008.
    • Reported in the House on December 3, 2008, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on December 4, 2008, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed by voice vote in the House on December 4, 2008.
• Passed 94 to 11 in the House on December 4, 2008.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on December 10, 2008.
  • Substitute offered in the Senate on December 18, 2008, to replace the previous version of the bill with one that does not exempt the proposed Lansing performing arts center debt from existing state regulations on municipal borrowing. The substitute passed by voice vote in the Senate on December 18, 2008.
• Passed 38 to 0 in the Senate on December 18, 2008, to exempt the refinancing of certain past borrowing by Lansing from provisions of a 2001 law that prohibits these municipal refinancings except where they actually save taxpayer dollars, rather than just lengthening the repayment period.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on December 18, 2008.
• Passed 83 to 18 in the House on December 18, 2008, to concur with the Senate-passed version of the bill.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on January 9, 2009.