2005 Senate Bill 407 / Public Act 93

Overhaul School Bond Loan Fund

Introduced in the Senate

April 21, 2005

Introduced by Sen. Michael Switalski (D-10)

To revise the shared credit rating act to conform with the overhaul of the School Bond Loan Fund program proposed by Senate Bill 406.

Referred to the Committee on Appropriations

May 31, 2005

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

June 7, 2005

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

June 8, 2005

Passed in the Senate 37 to 0 (details)

Received in the House

June 8, 2005

Referred to the Committee on Appropriations

June 28, 2005

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 29, 2005

Passed in the House 105 to 1 (details)

To revise the shared credit rating act to conform with the overhaul of the School Bond Loan Fund program proposed by Senate Bill 406.

Signed by Gov. Jennifer Granholm

July 20, 2005