Bill > SB0649

This bill amends the State Convention Facility Development Act to modify how funds from the convention facility development fund are distributed. The bill makes several key changes, primarily replacing the word "shall" with "must" throughout the text and adjusting distribution priorities for funds. Specifically, the bill outlines a detailed distribution schedule that includes allocations to metropolitan authorities for convention facility operational costs, with varying amounts from $5 million to $8 million for fiscal years between 2020 and 2025. The bill also specifies how liquor tax collections will be distributed to counties, with different calculations for counties with and without convention hotels. Additionally, the bill provides for potential distributions to a street railway system, grants for convention centers impacted by COVID-19, and allows for excess funds to be used by qualified local governmental units for capital expenditures or debt retirement. An important provision is a one-time transfer of $10 million to the general fund for the fiscal year ending September 30, 2020. The bill is contingent on the passage of a companion Senate Bill and reflects updates to how convention facility development funds are managed and allocated.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0649