2012 House Bill 5567 / Public Act 285

Increase allowable local government and school “deficit spending” debt

Introduced in the House

April 24, 2012

Introduced by Rep. Al Pscholka (R-79)

To allow school districts to pledge future property tax millage revenue to repay the debt to the state proposed by House Bill 5566, which authorizes up to $20 million in borrowing to cover deficit spending that exceeds their current revenues.

Referred to the Committee on Local, Intergovernmental, and Regional Affairs

May 30, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 7, 2012

Passed in the House 77 to 30 (details)

Received in the Senate

June 12, 2012

Referred to the Committee on Appropriations

July 18, 2012

Reported without amendment

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

Substitute offered

The substitute passed by voice vote

Passed in the Senate 28 to 9 (details)

To allow school districts to pledge future property tax millage revenue to repay the debt to the state proposed by House Bill 5566, which authorizes up to $20 million in borrowing to cover deficit spending that exceeds their current revenues.

Motion by Sen. Tupac Hunter (D-5)

To give the bill immediate effect.

The motion passed 29 to 7 (details)

Received in the House

July 18, 2012

Passed in the House 78 to 25 (details)

To concur with the Senate-passed version of the bill, which authorizes slightly less new state debt.

Signed by Gov. Rick Snyder

Aug. 1, 2012