State finance: authorities; outstanding obligations of the state building authority; provide exception to the limit of. Amends sec. 8 of 1964 PA 183 (MCL 830.418).
Key claim: SB0729 amends the State Building Authority Act to provide an exception to the statutory limit on the Authority’s outstanding obligations.
Abstract
(SB0729 · 103rd Legislature) State finance: authorities; outstanding obligations of the state building authority; provide exception to the limit of. Amends sec. 8 of 1964 PA 183 (MCL 830.418). Sponsor: Sen. Sean McCann (D) Latest vote: House Third Reading: Given Immediate Effect Roll Call #152 — 96-7 (passed, 2026-05-14) Latest action (2026-06-02): Laid Over One Day Under The Rules
Why this matters
The State Building Authority is a principal financing vehicle for state-owned capital projects, so adjustments to its outstanding-obligations ceiling directly affect Michigan’s capacity to issue debt for buildings and infrastructure. Even a narrow statutory exception changes the practical debt headroom available for future authorizations.