2001 Senate Bill 360 / Public Act 37

Introduced in the Senate

March 27, 2001

Introduced by Sen. Joel Gougeon (R-34)

To allow cities to form a nonprofit corporation for economic development purposes which would be exempt from regulations regarding how municipalities borrow money and issue bonds.

Referred to the Committee on Local, Urban, and State Affairs

April 19, 2001

Substitute offered

Which reflects changes adopted following committee testimony and discussion, and tie-bar it to SB 361.

The substitute passed by voice vote

April 24, 2001

Passed in the Senate 29 to 6 (details)

Received

To allow cities to form a nonprofit corporation for economic development purposes which would be exempt from regulations regarding how municipalities borrow money and issue bonds.

In the House

June 19, 2001

Substitute offered

Which reflects changes adopted following committee testimony and discussion.

The substitute passed by voice vote

In the Senate

June 26, 2001

Passed in the Senate 35 to 0 (details)

Received

To allow cities to form a nonprofit corporation for economic development purposes which would be exempt from regulations regarding how municipalities borrow money and issue bonds, yet may be subject to local living wage and prevailing wage ordinances.

Received in the House

June 26, 2001

To allow cities to form a nonprofit corporation for economic development purposes which would be exempt from regulations regarding how municipalities borrow money and issue bonds.

Passed in the House 98 to 8 (details)

To allow cities to form a nonprofit corporation for economic development purposes which would be exempt from regulations regarding how municipalities borrow money and issue bonds, yet may be subject to local living wage and prevailing wage ordinances.

Signed by Gov. John Engler

July 10, 2001