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2009 House Bill 4715: Allow lottery funds to be invested in state bonds
Public Act 25 of 2009
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- Introduced by Rep. Bert Johnson (D) on March 26, 2009, to allow undisbursed money from state lottery revenue to be invested in state bonds and notes.
- Referred to the House Regulatory Reform Committee on March 26, 2009.
- Reported in the House on April 22, 2009, without amendment and with the recommendation that the bill pass.
- Referred to the House Regulatory Reform Committee on March 26, 2009.
- Passed 104 to 0 in the House on April 23, 2009.
Who Voted "Yes" and Who Voted "No" - Received in the Senate on April 29, 2009.
- Referred to the Senate Appropriations Committee on April 29, 2009.
- Reported in the Senate on May 7, 2009, with the recommendation that the bill pass.
- Referred to the Senate Appropriations Committee on April 29, 2009.
- Passed 36 to 0 in the Senate on May 7, 2009, to allow undisbursed money from state lottery revenue to be invested in state bonds and notes.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Jennifer Granholm on May 12, 2009.
Most Recent Comments
1) Re: 2009 House Bill 4715 (Allow lottery funds to be invested in state bonds ) by Honda_CB750 on May 26, 2009The Michigan State lottery has extra money that they don't know what to do with it, while the schools are screaming for money? Ontonagon just (stupidly, in my opinion) voted for a millage increase for the school! And there's an excess in the state lottery? They are going to invest it in state bonds? In other words, the lottery will be loaning the state money! Wow! Now THAT's really a safe investment! (NOT!) Check out the party that started this! And apparently a majority followed, as the bill passed!
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Introduced in the House on March 26, 2009, to allow undisbursed money from state lottery revenue to be invested in state bonds and notes
The vote was 104 in favor, 0 opposed and 6 not voting
(House Roll Call 174 at House Journal 0)
Click here to view bill details.
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