Introduced by Rep. Al Pscholka R-Stevensville on April 24, 2012
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. Official Text and Analysis.
Referred to the House Local, Intergovernmental, and Regional Affairs Committee on April 24, 2012
Reported in the House on May 30, 2012
Without amendment and with the recommendation that the bill pass.