2014 House Bill 5806 / Public Act 485

Allow deeper debt for college conservation improvements

Introduced in the House

Sept. 16, 2014

Introduced by Rep. Al Pscholka (R-79)

To revise a law that lets a community college borrow for a term of up 10 years to pay for an “energy conservation improvement,” instead letting them incur debt with a term of up to 15 years. The bill also eliminates a provision restricting this debt to improvements that would pay their cost in future savings.

Referred to the Committee on Energy and Technology

Sept. 30, 2014

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 13, 2014

Passed in the House 106 to 1 (details)

To revise a law that lets a community college borrow for a term of up 10 years to pay for an “energy conservation improvement,” instead letting them incur debt with a term of up to 25 years. The bill also eliminates a provision restricting this debt to improvements that would pay their cost in future savings.

Received in the Senate

Dec. 2, 2014

Referred to the Committee on Environment, Energy, and Technology

Dec. 10, 2014

Reported without amendment

With the recommendation that the bill pass..

Dec. 17, 2014

Passed in the Senate 37 to 0 (details)

To revise a law that lets a community college borrow for a term of up 10 years to pay for an “energy conservation improvement,” instead letting them incur debt with a term of up to 25 years. The bill also eliminates a provision restricting this debt to improvements that would pay their cost in future savings.

Signed by Gov. Rick Snyder

Dec. 31, 2014