Introduced by Rep. Al Pscholka (R) on April 24, 2012, to allow school districts to pledge future property tax millage revenue to repay the debt to the state proposed by House Bill 5566, which authorizes up to $20 million in borrowing to cover deficit spending that exceeds their current revenues.
Referred to the House Local, Intergovernmental, and Regional Affairs Committee on April 24, 2012.
Reported in the House on May 30, 2012, without amendment and with the recommendation that the bill pass.
Referred to the Senate Appropriations Committee on June 12, 2012.
Reported in the Senate on July 18, 2012, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on July 18, 2012. The substitute passed by voice vote in the Senate on July 18, 2012.
Passed 28 to 9 in the Senate on July 18, 2012, to allow school districts to pledge future property tax millage revenue to repay the debt to the state proposed by House Bill 5566, which authorizes up to $20 million in borrowing to cover deficit spending that exceeds their current revenues. Who Voted "Yes" and Who Voted "No"
Motion by Sen. Tupac Hunter (D) on July 18, 2012, to give the bill immediate effect. The motion passed 29 to 7 in the Senate on July 18, 2012. Who Voted "Yes" and Who Voted "No"
Received in the House on July 18, 2012.
Passed 78 to 25 in the House on July 18, 2012, to concur with the Senate-passed version of the bill, which authorizes slightly less new state debt. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Rick Snyder on August 1, 2012.
Comments
1) Re: 2012 House Bill 5567 (Increase allowable local government and school “deficit spending” debt) by jefballard on May 7, 2012
First of all, Why is a liberal democrat calling himself a republican? Second, I am sure Rep. Al Pscholka runs his household the same way. If the wife exceeds the house budget... just keep on spending.
2) Re: 2012 House Bill 5567 (Increase allowable local government and school “deficit spending” debt) by isabelleelise on May 6, 2012
NO, NO, NO. Seriously. It's got to stop.
3) 2012 House Bill 5567 (Increase allowable local government and school “deficit spending” debt) by admin on May 6, 2012 Introduced in the House on April 24, 2012