Detroit Bailout Package-Bend over folks, they're doin' it again!

Detroit Bailout Package [Michigan Capitol Confidential]:
Four of the bills would enable payment of a state grant to Detroit that many regard as a partial bailout (House Bills 5572 to 5575).

Two of these grant bills envision a one-time $195 million up-front payment, while another would authorize state borrowing of $350 million as a means of ensuring future Legislatures follow through on the current Legislature’s commitment to deliver the money in annual $17.5 million installments over 20 years.
The value transferred by either approach is about the same — $195 million right now is worth roughly the same as $350 million over 20 years.
The Legislature would pick one or the other method, but not both.