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2015 House Bill 4101: Try to "buy-back" state venture capital investment guarantees

Public Act 86 of 2015

Introduced by Rep. Al Pscholka (R) on January 28, 2015
To provide a template or "place holder" for a potential supplemental multidepartment appropriation for Fiscal Year 2014-2015. This bill contains no appropriations, but may be amended at a later date to include them.   Official Text and Analysis.
Referred to the House Appropriations Committee on January 28, 2015
Reported in the House on March 25, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. Al Pscholka (R) on May 12, 2015
To allow the funds allocated for this effort to be carried forward into the next fiscal year without needing a new appropriations.
The amendment passed by voice vote in the House on May 12, 2015
To appropriate $45 million for an effort to buy-back at a discount some $50 million worth of investor return guarantees the state gave out under an "early stage venture capital investment" scheme authorized by a 2003 law.
Received in the Senate on May 19, 2015
Referred to the Senate Appropriations Committee on May 19, 2015
Reported in the Senate on June 11, 2015
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on June 11, 2015
Signed by Gov. Rick Snyder on June 23, 2015

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