2015 House Bill 4332 / Public Act 116

Increase municipal and school “emergency loan” funding

Introduced in the House

March 10, 2015

Introduced by Rep. Daniela Garcia (R-90)

To essentially eliminate a $50 million cap on the amount allocated through 2018 for “financial emergency” loans from the state to public school districts, and a $35 million cap on the amount of such loans to cities, townships, villages, and counties.

Referred to the Committee on Financial Liability Reform

March 25, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

April 23, 2015

Passed in the House 105 to 4 (details)

To increase from $50 million to $70 million the amount allocated through 2018 for “financial emergency” loans from the state to public school districts, and increase from $35 million to $48 million the amount of such loans to cities, townships, villages, and counties. See House Bill 4331.

Received in the Senate

April 28, 2015

Referred to the Committee on Local Government

June 10, 2015

Reported without amendment

With the recommendation that the bill pass.

June 30, 2015

Passed in the Senate 28 to 7 (details)

To increase from $50 million to $70 million the amount allocated through 2018 for “financial emergency” loans from the state to public school districts, and increase from $35 million to $48 million the amount of such loans to cities, townships, villages, and counties. See House Bill 4331.

Signed by Gov. Rick Snyder

July 7, 2015