state laws at your finger tips
in concise, plain language
Legislation watch

2014 House Bill 5574: Detroit bankruptcy settlement and grant package - grant appropriation

Public Act 188 of 2014

Introduced by Rep. Thomas Stallworth, III (D) on May 8, 2014 To appropriate $194.8 million for a proposed Detroit bankruptcy settlement. This is part of a legislative package consisting of House Bills 5566 to 5576 that are related to the Detroit bankruptcy and this proposed state grant (considered by some to be a partial “bailout”).   Official Text and Analysis.
Referred to the House Detroit's Recovery and Michigan's Future Committee on May 8, 2014
Reported in the House on May 21, 2014 Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Thomas Stallworth, III (D) on May 22, 2014 To revise how the process of delivering the $195 million to Detroit is labeled in the bill.
The amendment passed by voice vote in the House on May 22, 2014
Amendment offered by Rep. David Nathan (D) on May 22, 2014 To authorize new $220 million state loan to Detroit, under terms to be determined by the state Treasurer.
The amendment failed by voice vote in the House on May 22, 2014
Passed 74 to 36 in the House on May 22, 2014 To appropriate $194.8 million as a grant to Detroit, to be applied toward a proposed bankruptcy settlement. House Bills 5566 to 5571 require various reforms as a condition for the gift.
Received in the Senate on May 27, 2014
Referred to the Senate Government Operations Committee on May 27, 2014
Reported in the Senate on June 3, 2014 With the recommendation that the bill pass.
Passed 21 to 17 in the Senate on June 3, 2014 (same description)
To appropriate $194.8 million as a grant to Detroit, to be applied toward a proposed bankruptcy settlement. House Bills 5566 to 5571 require various reforms as a condition for the gift.
Signed by Gov. Rick Snyder on June 20, 2014

Comments