MEMBERS:
SEN. ARIC NESBITT, VICE CHAIR
SEN. KEVIN DALEY
SEN. JON BUMSTEAD
SEN. CURTIS S. VANDERWALL
SEN. STEPHANIE CHANG, MINORITY VICE CHAIR
SEN. BETTY JEAN ALEXANDER
THE SENATE
COMMITTEE ON FINANCE
SENATOR JIM RUNESTAD
CHAI
7500 BINSFELD BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-1758
FAX: (517) 373-0938
COMMITTEE MEETING MINUTES
February 5, 2020
A meeting of the Senate Committee on Finance was scheduled for Wednesday, February 5, 2020, at 12:30 p.m.,
in the 1200 Room of the Binsfeld Building.
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The agenda summary is as follows:
1. Reported HB 5124 (S-1) (Rep. Byrd) with recommendation and immediate effect.
2. Testimony regarding SB 725 (Sen. Runestad).
3. Testimony regarding SB 726 (Sen. Johnson).
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The Chair called the meeting to order at 12:32 p.m. He instructed the Clerk to call the roll. At that time, the
following members were present: Chair Runestad, Sen.(s) Daley, Bumstead, VanderWall, Chang and Alexander,
a quorum was present.
The Chair moved to excuse absent members from the meeting. Without objection, Sen. Nesbitt was excused
from the meeting.
The Chair entertained a motion by Sen. VanderWall to adopt the meeting minutes from January 29, 2020.
Without objection, the minutes were adopted.
The Chair brought up HB 5124. He offered an (S-1) version to the bill and summarized the (S-1).
The Chair entertained a motion by Sen. Chang to adopt the (S-1) version of HB 5124. The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Daley, Bumstead, VanderWall, Chang and Alexander
Nays: None
The motion prevailed and the (S-1) was adopted.
The Chair entertained a motion by Sen. Chang to report HB 5124 (S-1) to the floor with recommendation that it
pass. The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Bumstead, VanderWall, Chang and Alexander
Nays: Sen. Daley
The motion prevailed, and the bill was reported.
The Chair moved to recommend immediate effect for HB 5124. Without objection, immediate effect was
recommended.
The Chair summarized SB 725 and invited Sen. Johnson to summarize SB 726.
The Chair invited the following individuals to present testimony regard SB's 725 – 726:
Michael Pung, Citizen – Support
Michele Oberholtzer, United Community Housing Coalition - Support
There being no further business before the committee, the Chair moved to adjourn the meeting. Without
objection, the committee was adjourned at 1:19 p.m.
Date Adopted by Committee: 02/19/2020