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Last updated 11:47PM ET
March 5, 2021
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STATE BUDGET
(2007-06-21)
(wgvu) - LANSING, Mich. (AP) - The Michigan Senate has passed the last
piece of a budget-balancing deal for state government in this
fiscal year.
The bill passed today would make available up to 94 (m) million
dollars from a fund intended for college loans.
The money is surplus, which means it can be used for other
purposes without taking money away from existing or planned tuition
grants or student loans.
The House soon is expected to send the bill to Governor
Granholm, who will sign it.
The measure is part of a recent deal to balance an 800 (m)
million-dollar deficit in the state budget that ends September
30th.
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