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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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1) Re: 2009 House Bill 4715 (Allow lottery funds to be invested in state bonds ) [by Honda_CB750 on May 26, 2009]

The 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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2) 2009 House Bill 4715 (Allow lottery funds to be invested in state bonds ) [by admin on January 1, 2001]
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)

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