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2012 Senate Bill 1124: Revise state mortgage guarantee and subsidy program
Public Act 327 of 2012
Introduced by Sen. Mark Jansen R-Cutlerville on May 15, 2012
To revise details of the authority of the Michigan State Housing Development Authority (MSHDA) to invest up to 20 percent of its money in escrow accounts for MSHDA's benefit or that of mortgagors of MSHDA-financed housing. Official Text and Analysis.
Referred to the Senate Economic Development Committee on May 15, 2012
Reported in the Senate on May 31, 2012
With the recommendation that the bill pass.
Received in the House on June 7, 2012
Referred to the House Commerce Committee on June 7, 2012
Reported in the House on September 19, 2012
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on September 19, 2012
The substitute passed by voice vote in the House on September 19, 2012
Received in the Senate on September 20, 2012
To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on October 9, 2012