---
type: "Bill"
title: "State financing and management; authorities; talent investment fund in the higher education loan authority act; implement. Amends secs. 2 & 4 of 1975 PA 222 (MCL 390.1152 & 390.1154) & adds sec. 8a."
description: "State financing and management; authorities; talent investment fund in the higher education loan authority act; implement. Amends secs. 2 & 4 of 1975 PA 222 (MCL 390.1152 & 390.1154) & adds sec. 8a."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2017-2018"
identifier: "SB 942"
citation: "Michigan SB 942 (2017-2018)"
classification: ["bill"]
subjects: ["State financing and management: authorities", "State agencies (existing): treasury"]
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 32
vote_count: 3
first_action: "2018-04-12T04:00:00+00:00"
last_action: "2018-09-05T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/f9b935f2-05bb-4895-86cc-d80d6967d4c8"
source_url: "http://legislature.mi.gov/doc.aspx?2018-SB-0942"
source_hash: "406d9ebc5c473ae100f2295973688d5780f6a37b8c0abaeb55cd0d4325f5864b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan SB 942 (2017-2018) — State financing and management; authorities; talent investment fund in the higher education loan authority act; implement. Amends secs. 2 & 4 of 1975 PA 222 (MCL 390.1152 & 390.1154) & adds sec. 8a.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](http://www.legislature.mi.gov/documents/2017-2018/billengrossed/Senate/htm/2018-SEBH-0942.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://www.legislature.mi.gov/documents/2017-2018/billengrossed/Senate/htm/2018-SEBS-0942.htm)
3. **Public Act** (committee substitute) — [source](http://www.legislature.mi.gov/documents/2017-2018/publicact/htm/2018-PA-0228.htm)
4. **Senate Concurred Bill** (committee substitute) — [source](http://www.legislature.mi.gov/documents/2017-2018/billconcurred/Senate/htm/2018-SCB-0942.htm)
5. **Senate Introduced Bill** (committee substitute) — [source](http://www.legislature.mi.gov/documents/2017-2018/billintroduced/Senate/htm/2018-SIB-0942.htm)

## Votes

- PASSED ROLL CALL # 388 YEAS 30 NAYS 2 EXCUSED 5 NOT VOTING 0 — **30–2** (pass) · upper
- ROLL CALL # 547 YEAS 36 NAYS 0 EXCUSED 1 NOT VOTING 0 — **36–0** (pass) · upper
- passed; given immediate effect Roll Call # 489 Yeas 105 Nays 4 — **105–4** (pass) · lower

## Sponsors

- 34 — cosponsor (person)
- Goeff Hansen — cosponsor (person)
- Steven Bieda — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-04-12T04:00:00+00:00** INTRODUCED BY SENATOR GOEFFREY HANSEN `introduction`
- **2018-04-12T04:00:00+00:00** REFERRED TO COMMITTEE ON APPROPRIATIONS `referral-committee`
- **2018-05-24T04:00:00+00:00** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2018-05-24T04:00:00+00:00** COMMITTEE RECOMMENDED IMMEDIATE EFFECT
- **2018-05-24T04:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2018-05-30T04:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2018-05-30T04:00:00+00:00** PLACED ON ORDER OF THIRD READING
- **2018-05-30T04:00:00+00:00** RULES SUSPENDED
- **2018-05-30T04:00:00+00:00** PLACED ON IMMEDIATE PASSAGE
- **2018-05-30T04:00:00+00:00** PASSED ROLL CALL # 388 YEAS 30 NAYS 2 EXCUSED 5 NOT VOTING 0 `passage`
- **2018-05-30T04:00:00+00:00** received on 05/30/2018 `introduction`
- **2018-05-30T04:00:00+00:00** read a first time `reading-1`
- **2018-05-30T04:00:00+00:00** referred to Committee on Appropriations `referral-committee`
- **2018-06-06T04:00:00+00:00** reported with recommendation with substitute H-1 `committee-passage`
- **2018-06-06T04:00:00+00:00** referred to second reading
- **2018-06-12T04:00:00+00:00** read a second time `reading-2`
- **2018-06-12T04:00:00+00:00** substitute H-1 adopted
- **2018-06-12T04:00:00+00:00** placed on third reading
- **2018-06-12T04:00:00+00:00** placed on immediate passage
- **2018-06-12T04:00:00+00:00** read a third time `reading-3`
- **2018-06-12T04:00:00+00:00** passed; given immediate effect Roll Call # 489 Yeas 105 Nays 4 `passage`
- **2018-06-12T04:00:00+00:00** inserted full title
- **2018-06-12T04:00:00+00:00** returned to Senate
- **2018-06-12T04:00:00+00:00** HOUSE SUBSTITUTE H-1 CONCURRED IN
- **2018-06-12T04:00:00+00:00** ROLL CALL # 547 YEAS 36 NAYS 0 EXCUSED 1 NOT VOTING 0
- **2018-06-12T04:00:00+00:00** GIVEN IMMEDIATE EFFECT
- **2018-06-12T04:00:00+00:00** FULL TITLE AGREED TO
- **2018-06-12T04:00:00+00:00** ORDERED ENROLLED
- **2018-07-25T04:00:00+00:00** PRESENTED TO GOVERNOR 6/25/2018 @ 1:42 PM `executive-receipt`
- **2018-09-05T04:00:00+00:00** APPROVED BY GOVERNOR 6/26/2018 @ 11:10 AM `executive-signature`
- **2018-09-05T04:00:00+00:00** FILED WITH SECRETARY OF STATE 6/27/2018 @ 9:12 AM
- **2018-09-05T04:00:00+00:00** ASSIGNED PA 0228'18 WITH IMMEDIATE EFFECT

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f9b935f2-05bb-4895-86cc-d80d6967d4c8`. Confidence: reported (aggregated from official Michigan legislature records).