2015 House Bill 4496 / Public Act 96

Liberalize school debt repayment requirements

Introduced in the House

April 21, 2015

Introduced by Rep. Roger Victory (R-88)

To ease certain restrictions on school districts refinancing loans (bonds) covered by a state School Bond Loan Fund program. A Senate Fiscal Agency <a href="http://www.legislature.mi.gov/documents/2015-2016/billanalysis/Senate/htm/2015-SFA-4496-L.htm">explains</a> this complicated program and the revisions the bill proposes.

Referred to the Committee on Financial Liability Reform

May 13, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 21, 2015

Passed in the House 108 to 1 (details)

Received in the Senate

May 26, 2015

Referred to the Committee on Appropriations

June 11, 2015

Reported without amendment

With the recommendation that the bill pass.

June 17, 2015

Passed in the Senate 38 to 0 (details)

To ease certain restrictions on school districts refinancing loans (bonds) covered by a state School Bond Loan Fund program. A Senate Fiscal Agency <a href="http://www.legislature.mi.gov/documents/2015-2016/billanalysis/Senate/htm/2015-SFA-4496-L.htm">explains</a> this complicated program and the revisions the bill proposes.

Signed by Gov. Rick Snyder

June 29, 2015