Limits to billion-dollar borrowing

Introduced on 1/14/2020
Status: Assigned To Committee

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Summary

Senate Bill 716 would automatically give lawmakers the chance to veto any bonding proposal of $100 million or more from the commission.

Commonsense limits on massive bond deals would go a long way toward making sure Michigan’s debt burden doesn’t grow further out of hand.

Last Action

REFERRED TO COMMITTEE ON APPROPRIATIONS