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Mackinac Center for Public Policy
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2013 Senate Bill 345: Authorize more state government housing subsidy debt
  1. Introduced by Sen. Mike Kowall (R) on May 1, 2013, to repeal a requirement that the Michigan State Housing Development Authority (MSHDA) must scale back its debt from a “temporary” maximum of $4.2 billion authorized in 2012, to $3.4 billion after Nov. 1, 2014, subject to some exceptions. The borrowed money is used to provide taxpayer-backed mortgage loan guarantees, subsidies and more.
    • Referred to the Senate Economic Development Committee on May 1, 2013.
      • Reported in the Senate on May 16, 2013, with the recommendation that the bill pass.
  2. Passed 34 to 4 in the Senate on May 16, 2013.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on May 16, 2013.
    • Referred to the House Commerce Committee on May 16, 2013.
      • Reported in the House on June 12, 2013, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.