---
type: "Bill"
title: "State financing and management: bonds; school bond qualification, approval, and loan act; modify rate structure. Amends sec. 9 of 2005 PA 92 (MCL 388.1929)."
description: "State financing and management: bonds; school bond qualification, approval, and loan act; modify rate structure. Amends sec. 9 of 2005 PA 92 (MCL 388.1929)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2021-2022"
identifier: "SB 618"
citation: "Michigan SB 618 (2021-2022)"
classification: ["bill"]
subjects: ["Education: financing", "Education: school districts", "State agencies (existing): education", "State financing and management: bonds"]
status: "enacted"
primary_sponsors: ["Roger Victory"]
version_count: 4
action_count: 28
vote_count: 2
first_action: "2021-09-01T04:00:00+00:00"
last_action: "2022-04-12T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/1afbeb1c-313a-4397-89e1-34bee60d34da"
source_url: "http://legislature.mi.gov/doc.aspx?2021-SB-0618"
source_hash: "6f7df5f85ca441a06ae0069899bc42a735e6aa38ad3eeaa518cf7814e94e3003"
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 618 (2021-2022) — State financing and management: bonds; school bond qualification, approval, and loan act; modify rate structure. Amends sec. 9 of 2005 PA 92 (MCL 388.1929).

## 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://legislature.mi.gov/documents/2021-2022/billengrossed/Senate/htm/2021-SEBH-0618.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billengrossed/Senate/htm/2021-SEBS-0618.htm)
3. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/publicact/htm/2022-PA-0051.htm)
4. **Senate Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2021-2022/billintroduced/Senate/htm/2021-SIB-0618.htm)

## Votes

- PASSED ROLL CALL # 79 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 — **38–0** (pass) · upper
- passed; given immediate effect Roll Call # 129 Yeas 100 Nays 3 Excused 0 Not Voting 3 — **100–3** (pass) · lower

## Sponsors

- Roger Victory — primary (person)

## Timeline

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

- **2021-09-01T04:00:00+00:00** INTRODUCED BY SENATOR ROGER VICTORY `introduction`
- **2021-09-01T04:00:00+00:00** REFERRED TO COMMITTEE ON APPROPRIATIONS `referral-committee`
- **2022-03-10T05:00:00+00:00** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2022-03-10T05:00:00+00:00** COMMITTEE RECOMMENDED IMMEDIATE EFFECT
- **2022-03-10T05:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2022-03-10T05:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2022-03-10T05:00:00+00:00** PLACED ON ORDER OF THIRD READING
- **2022-03-10T05:00:00+00:00** RULES SUSPENDED
- **2022-03-10T05:00:00+00:00** PLACED ON IMMEDIATE PASSAGE
- **2022-03-10T05:00:00+00:00** PASSED ROLL CALL # 79 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 `passage`
- **2022-03-10T05:00:00+00:00** received on 03/10/2022 `introduction`
- **2022-03-10T05:00:00+00:00** read a first time `reading-1`
- **2022-03-10T05:00:00+00:00** referred to Committee on Local Government and Municipal Finance `referral-committee`
- **2022-03-16T04:00:00+00:00** reported with recommendation without amendment `committee-passage`
- **2022-03-16T04:00:00+00:00** referred to second reading
- **2022-03-16T04:00:00+00:00** read a second time `reading-2`
- **2022-03-16T04:00:00+00:00** placed on third reading
- **2022-03-17T04:00:00+00:00** read a third time `reading-3`
- **2022-03-17T04:00:00+00:00** passed; given immediate effect Roll Call # 129 Yeas 100 Nays 3 Excused 0 Not Voting 3 `passage`
- **2022-03-17T04:00:00+00:00** inserted full title
- **2022-03-17T04:00:00+00:00** returned to Senate
- **2022-03-22T04:00:00+00:00** GIVEN IMMEDIATE EFFECT
- **2022-03-22T04:00:00+00:00** FULL TITLE AGREED TO
- **2022-03-22T04:00:00+00:00** ORDERED ENROLLED
- **2022-03-24T04:00:00+00:00** PRESENTED TO GOVERNOR 03/23/2022 01:26 PM `executive-receipt`
- **2022-04-12T04:00:00+00:00** APPROVED BY GOVERNOR 03/29/2022 10:02 AM `executive-signature`
- **2022-04-12T04:00:00+00:00** FILED WITH SECRETARY OF STATE 03/29/2022 10:44 AM
- **2022-04-12T04:00:00+00:00** ASSIGNED PA 0051'22 WITH IMMEDIATE EFFECT

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1afbeb1c-313a-4397-89e1-34bee60d34da`. Confidence: reported (aggregated from official Michigan legislature records).