Introduced by Rep. Thomas Stallworth, III (D) on May 8, 2014 To appropriate $194.8 million for a proposed Detroit bankruptcy settlement. This is part of a legislative package consisting of House Bills 5566 to 5576 that are related to the Detroit bankruptcy and this proposed state grant (considered by some to be a partial “bailout”). Official Text and Analysis.
Referred to the House Detroit's Recovery and Michigan's Future Committee on May 8, 2014
Reported in the House on May 21, 2014 Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Thomas Stallworth, III (D) on May 22, 2014 To revise how the process of delivering the $195 million to Detroit is labeled in the bill.
The amendment passed by voice vote in the House on May 22, 2014
Amendment offered by Rep. David Nathan (D) on May 22, 2014 To authorize new $220 million state loan to Detroit, under terms to be determined by the state Treasurer.
The amendment failed by voice vote in the House on May 22, 2014