2002 Senate Bill 1067 / Public Act 409

Introduced in the Senate

Feb. 5, 2002

Introduced by Sen. Martha G. Scott (D-2)

To modify certain bonding authority related to cities and villages owning public utilities so as to conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law 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. 19, 2002

Passed in the Senate 35 to 0 (details)

To modify certain bonding authority related to cities and villages owning public utilities so as to conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law 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. 19, 2002

May 8, 2002

Substitute offered by Rep. Nancy Cassis (R-38)

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

The substitute passed by voice vote

May 14, 2002

Passed in the House 101 to 0 (details)

Received in the Senate

May 14, 2002

To modify certain bonding authority related to cities and villages owning public utilities so as to conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law 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.

May 16, 2002

Passed in the Senate 37 to 0 (details)

To concur with the House-passed version of the bill.

Received in the House

May 16, 2002

Signed by Gov. John Engler

June 3, 2002