2008 Senate Bill 1636 / Public Act 450

Revise “family development accounts”

Introduced in the Senate

Nov. 12, 2008

Introduced by Sen. Mark Jansen (R-28)

To revise requirements for the fiduciary organizations selected to administer the <a href="http://www.michiganvotes.org/2005-SB-640">individual or family development account</a>” program, and provide for the involvement of the Department of Labor and Economic Growth.

Referred to the Committee on Families and Human Services

Dec. 2, 2008

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 36 to 0 (details)

Received in the House

Dec. 2, 2008

Referred to the Committee on Banking and Financial Services

Dec. 18, 2008

Substitute offered by Rep. Andy Coulouris (D-95)

To replace the previous version of the bill with one that authorizes the use of money in the accounts to buy energy efficient home improvement products and appliances.

The substitute passed by voice vote

Amendment offered by Rep. Andy Coulouris (D-95)

To clarify details of the provision allowing the money in the accounts to be used for certain home improvements and appliances.

The amendment passed by voice vote

Passed in the House 104 to 0 (details)

To revise requirements for the fiduciary organizations selected to administer the <a href="http://www.michiganvotes.org/2005-SB-640">individual or family development account</a>” program, provide for the involvement of the Department of Labor and Economic Growth, and authorize the use of money in the accounts to buy energy efficient home improvement products and appliances.

Received in the Senate

Dec. 19, 2008

Passed in the Senate 37 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Jennifer Granholm

Dec. 31, 2008