{"id":3779,"date":"2014-09-23T16:21:34","date_gmt":"2014-09-23T20:21:34","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=3779"},"modified":"2014-09-23T16:21:34","modified_gmt":"2014-09-23T20:21:34","slug":"house-passes-bill-extending-sunset-for-opeb-bonding","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2014\/09\/23\/house-passes-bill-extending-sunset-for-opeb-bonding\/","title":{"rendered":"House Passes Bill Extending Sunset for OPEB Bonding"},"content":{"rendered":"<p>This afternoon the House passed <a href=\"http:\/\/legislature.mi.gov\/%28S%28x0f40245z5e0xlaow5fyy455%29%29\/mileg.aspx?page=getObject&amp;objectName=2014-SB-0922\" target=\"_blank\" rel=\"noopener\">Senate Bill 922<\/a>, a bill to extend the sunset for bonding for other post employment benefits (OPEB) and the costs of switching from defined benefit to defined contribution. This is an option for communities with a AA credit rating.<\/p>\n<p>The sunset will be extended to December 31, 2015. The League has been pushing for an additional change to allow communities with an A rating or better to use this option if they purchase bond insurance. Thus far we have not been successful in getting this amendment.<\/p>\n<p>The legislation now goes to the Senate for concurrence.<\/p>\n<p><em>Samantha Harkins is the Director of State Affairs for the League handling municipal finance issues.\u00a0 She can be reached at <a href=\"mailto:sharkins@mml.org\">sharkins@mml.org<\/a> or 517-908-0306.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This afternoon the House passed Senate Bill 922, a bill to extend the sunset for bonding for other post employment benefits (OPEB) and the costs of switching from defined benefit to defined contribution. This is an option for communities with a AA credit rating. The sunset will be extended to  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3779","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House Passes Bill Extending Sunset for OPEB Bonding - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2014\/09\/23\/house-passes-bill-extending-sunset-for-opeb-bonding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Passes Bill Extending Sunset for OPEB Bonding - Inside 208\" \/>\n<meta property=\"og:description\" content=\"This afternoon the House passed Senate Bill 922, a bill to extend the sunset for bonding for other post employment benefits (OPEB) and the costs of switching from defined benefit to defined contribution. 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