2001 Senate Bill 861 / 2002 Public Act 235

Introduced in the Senate

Nov. 29, 2001

Introduced by Sen. Dale Shugars (R-21)

To modify the bonding authority of the local development financing act so as to conform to changes made to the municipal finance act by Senate Bill 29, now Public Act 34 of 2001. That bill made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of <a href="/bill.asp?ID=4790">Senate Bill 29</a>. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.

Referred to the Committee on Finance

Feb. 28, 2002

Substitute offered

To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the Senate 35 to 0 (details)

To modify the bonding authority of the local development financing act so as to conform to changes made to the municipal finance act by Senate Bill 29, now Public Act 34 of 2001. That bill made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of Senate Bill 29. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.

Received in the House

Feb. 28, 2002

April 17, 2002

Passed in the House 105 to 0 (details)

Received in the Senate

April 17, 2002

Signed by Gov. John Engler

April 27, 2002