2014 Senate Bill 1088 / Public Act 480

Allow community colleges to put money in municipal bonds

Introduced in the Senate

Sept. 23, 2014

Introduced by Sen. Darwin Booher (R-35)

To allow community colleges to invest funds in Michigan municipal bonds rated as "investment grade" by at least one standard rating service.

Referred to the Committee on Appropriations

Nov. 6, 2014

Reported without amendment

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

Nov. 13, 2014

Passed in the Senate 35 to 0 (details)

Received in the House

Nov. 13, 2014

Referred to the Committee on Appropriations

Dec. 10, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 18, 2014

Passed in the House 103 to 6 (details)

To allow community colleges to invest funds in Michigan municipal bonds rated as "investment grade" by at least one standard rating service.

Signed by Gov. Rick Snyder

Dec. 31, 2014