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Emergency Municipal Finance Bills Passed by Senate
House
Bill 4331 and HB
4332, which would increase the Emergency Municipal Loan Act statutory cap
for school districts, were passed by the Senate on Tuesday. The bills would
raise the loan cap to $70 million until September 2018.
House
Bill 4331 was passed by a 25-10 vote, Senators Brandenburg (R-Harrison
Township), Colbeck (R-Canton Township), and O’Brien (R-Portage) were the Republicans
to oppose the passage of the legislation. Senate Minority Leader Jim Ananich (D-Flint)
was the lone Democrat to support the measure; Senators Gregory (D-Southfield),
Hopgood (D-Taylor), and Johnson (D-Highland Park) were absent from the vote.
House
Bill 4332 saw a slightly less divisive vote, passing 28-7. Senators
Brandenburg and Colbeck again voted against the measure, while Senators Bieda
(D-Warren), Hertel Jr. (D-East Lansing), and Minority Leader Ananich joined the
majority of their Republican colleagues and supported the passage of the
legislation.
posted by PAA Online
,
Thursday, July 2, 2015
12:10 PM
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