December 16, 2020
Bills that allow Michigan to issue bonds to cover the state’s $600 million share of the Flint water crisis settlement have gained the approval of the state House and Senate.
The House approved the proposals Wednesday, one of the final scheduled session days of the year. They passed the Senate last week.
The Legislature plans to repay the borrowed money through an annual appropriation of $35 million over the next three decades, according to a House analysis of the bills, which were sponsored by Sen. Jim Ananich, D-Flint, and Sen. Jim Stamas, R-Midland.
Read Michigan House, Senate Sign Off on Flint Water Settlement Plan.