---
type: "Bill"
title: "Housing: housing development authority; principal amount for outstanding bonds and notes; increase. Amends sec. 32 of 1966 PA 346 (MCL 125.1432)."
description: "Housing: housing development authority; principal amount for outstanding bonds and notes; increase. Amends sec. 32 of 1966 PA 346 (MCL 125.1432)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2023-2024"
identifier: "SB 397"
citation: "Michigan SB 397 (2023-2024)"
classification: ["bill"]
subjects: ["Housing: housing development authority"]
status: "enacted"
primary_sponsors: ["Mary Cavanagh"]
version_count: 7
action_count: 30
vote_count: 3
first_action: "2023-06-15"
last_action: "2023-10-24"
source: "openstates"
source_identifier: "ocd-bill/f4352b9a-b3c6-4516-89dc-022f80f2808b"
source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2023-SB-0397"
source_hash: "09a93f02e5ebf855718282f106282f06de4fca9e3930e9776912bd760bfa270a"
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 397 (2023-2024) — Housing: housing development authority; principal amount for outstanding bonds and notes; increase. Amends sec. 32 of 1966 PA 346 (MCL 125.1432).

## 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](https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/pdf/2023-SEBH-0397.pdf)
2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/pdf/2023-SEBS-0397.pdf)
3. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2023-PA-0169.pdf)
4. **Senate Concurred Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billconcurred/Senate/pdf/2023-SCB-0397.pdf)
5. **Senate Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/Senate/pdf/2023-SIB-0397.pdf)
6. **Substitute (H-1)** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2023-SCVBS-0397-0N2916.pdf)
7. **Substitute (H-1) - 2** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2023-SCVBS-0397-0O3319.pdf)

## Votes

- passed; given immediate effect Roll Call # 312 Yeas 57 Nays 53 Excused 0 Not Voting 0 — **57–53** (pass) · lower
- PASSED ROLL CALL # 447 YEAS 24 NAYS 13 EXCUSED 1 NOT VOTING 0 — **24–13** (pass) · upper
- ROLL CALL: ROLL CALL # 488 YEAS 24 NAYS 14 EXCUSED 0 NOT VOTING 0 — **24–14** (pass) · upper

## Sponsors

- Mary Cavanagh — primary (person)

## Timeline

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

- **2023-06-15** INTRODUCED BY SENATOR MARY CAVANAGH `introduction`
- **2023-06-15** REFERRED TO COMMITTEE ON HOUSING AND HUMAN SERVICES `referral-committee`
- **2023-06-28** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2023-06-28** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2023-06-28** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2023-06-28** PLACED ON ORDER OF THIRD READING
- **2023-06-28** RULES SUSPENDED
- **2023-06-28** PLACED ON IMMEDIATE PASSAGE
- **2023-06-28** PASSED ROLL CALL # 447 YEAS 24 NAYS 13 EXCUSED 1 NOT VOTING 0 `passage`
- **2023-06-28** received on 06/28/2023 `introduction`
- **2023-06-28** read a first time `reading-1`
- **2023-06-28** referred to Committee on Economic Development and Small Business `referral-committee`
- **2023-09-12** reported with recommendation with substitute (H-1) `committee-passage`
- **2023-09-12** referred to second reading
- **2023-09-26** read a second time `reading-2`
- **2023-09-26** substitute (H-1) adopted
- **2023-09-26** placed on third reading
- **2023-09-27** read a third time `reading-3`
- **2023-09-27** passed; given immediate effect Roll Call # 312 Yeas 57 Nays 53 Excused 0 Not Voting 0 `passage`
- **2023-09-27** inserted full title
- **2023-09-27** returned to Senate
- **2023-10-03** HOUSE SUBSTITUTE (H-1) CONCURRED IN
- **2023-10-03** ROLL CALL: ROLL CALL # 488 YEAS 24 NAYS 14 EXCUSED 0 NOT VOTING 0
- **2023-10-03** GIVEN IMMEDIATE EFFECT
- **2023-10-03** FULL TITLE AGREED TO
- **2023-10-03** ORDERED ENROLLED
- **2023-10-11** PRESENTED TO GOVERNOR 10/10/2023 09:24 AM `executive-receipt`
- **2023-10-24** APPROVED BY GOVERNOR 10/19/2023 10:29 AM `executive-signature`
- **2023-10-24** FILED WITH SECRETARY OF STATE 10/19/2023 12:06 PM
- **2023-10-24** ASSIGNED PA 0169'23 WITH IMMEDIATE EFFECT

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f4352b9a-b3c6-4516-89dc-022f80f2808b`. Confidence: reported (aggregated from official Michigan legislature records).