

2005 House Bill 5048 (“Securitize” tobacco lawsuit settlement revenue ) (House Roll Call 607)
Passed in the House (98 to 7) on November 10, 2005, to "securitize" tobacco settlement revenue as part of an agreement struck between Gov. Jennifer Granholm and Republican legislative leaders to adopt modest business tax cuts and a scaled-down "21st Century Jobs Fund." The latter would be given $400 million of "securitized" tobacco settlement revenue right away, and $75 million per year for eight years from the remaining “unsecuritized” settlement revenue stream. Future legislatures would not be bound by the $75 million per year agreement, however. The tax cut is described under the final votes on Senate Bill 633, and details of the full package by a Senate Fiscal Agency analysis (pdf). [History, Amendments & Comments]
The vote was 98 in favor, 7 opposed, and 5 not voting
(House Roll Call 607 at House Journal 99)
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The following legislators supported 2005 House Bill 5048 (“Securitize” tobacco lawsuit settlement revenue ):
The following legislators opposed 2005 House Bill 5048 (“Securitize” tobacco lawsuit settlement revenue ):
| Brandenburg (R) | Garfield (R) | Gosselin (R) | Hoogendyk (R) | Meyer (R) | Newell (R) |
| Sheen (R) |
The following legislators did not vote on 2005 House Bill 5048 (“Securitize” tobacco lawsuit settlement revenue ):
| Hunter (D) | Kehrl (D) | McConico (D) | Phillips (D) | Smith, Virgil (D) |
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