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Legislation watch

2012 Senate Bill 1125: Authorize more state government housing subsidy debt

Public Act 328 of 2012

  1. Introduced by Sen. Mike Kowall (R) on May 15, 2012, to increase from $3 billion to $4.2 billion the amount of debt he Michigan State Housing Development Authority (MSHDA) may incur in performing its role of providing taxpayer-backed mortgage loan guarantees, subsidies and more.   Full Text and Analysis.
    • Referred to the Senate Economic Development Committee on May 15, 2012.
      • Reported in the Senate on May 31, 2012, with the recommendation that the bill pass.
    1. Passed 33 to 5 in the Senate on June 6, 2012, to increase from $3 billion to $4.2 billion the amount of debt he Michigan State Housing Development Authority (MSHDA) may incur in performing its role of providing taxpayer-backed mortgage loan guarantees, subsidies and more.
      Who Voted "Yes" and Who Voted "No"
  2. Received in the House on June 7, 2012.
    • Referred to the House Commerce Committee on June 7, 2012.
      • Reported in the House on September 19, 2012, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on September 19, 2012.
      1. The substitute passed by voice vote in the House on September 19, 2012.
    • Amendment offered by Rep. Tom McMillin (R) on September 19, 2012, to tie-bar the bill to House Bills 5648 and 5649, meaning this bill cannot become law unless those do also. Those bills would restrict MSHDA from subsidizing non-housing development projects, and require it follow certain conflict of interest standards.
      1. The amendment failed by voice vote in the House on September 19, 2012, to tie-bar the bill to House Bills 5648 and 5649, meaning this bill cannot become law unless those do also. Those bills would restrict MSHDA from subsidizing non-housing development projects, and require it follow certain conflict of interest standards.
    1. Passed 85 to 20 in the House on September 19, 2012, to increase from $3 billion to $4.2 billion the amount of debt he Michigan State Housing Development Authority (MSHDA) may incur in performing its role of providing taxpayer-backed mortgage loan guarantees, subsidies and more.
      Who Voted "Yes" and Who Voted "No"
  3. Received in the Senate on September 20, 2012.
    1. Passed 33 to 5 in the Senate on September 25, 2012, to concur with the House-passed version of the bill.
      Who Voted "Yes" and Who Voted "No"
  4. Signed by Gov. Rick Snyder on October 9, 2012.

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