Introduced
by
To amend the State convention facility development act to specifically allow the “fund raid” used by the legislature as part of the <a href="http://www.michiganvotes.org/2007-SB-436">deal</a> to borrow and shift funds to avoid spending cuts in the Fiscal Year 2006-2007 budget. This deal used $35 million of the liquor and hotel tax revenues that are supposed to pay for debt service on Cobo Hall and other municipal convention facilities. This bill would eliminate any ambiguity related to the legality of that action, and future ones.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
To replace the previous version of the bill with one that also makes provisions for continuing the disbursements of a portion the revenue to this fund to counties for abuse treatment programs, once the amount required to make payments on the Cobo and other bonds have been disbursed.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To amend the State convention facility development act to specifically allow the “fund raid” used by the legislature as part of the <a href="http://www.michiganvotes.org/2007-SB-436">deal</a> to borrow and shift funds to avoid spending cuts in the Fiscal Year 2006-2007 budget. This deal used $35 million of the liquor and hotel tax revenues that are supposed to pay for debt service on Cobo Hall and other municipal convention facilities. This bill would eliminate any ambiguity related to the legality of that action, and future ones. The bill also makes provisions for continuing the disbursements of a portion the revenue to this fund to counties for abuse treatment programs, once the amount required to make payments on the Cobo and other bonds have been disbursed.
Referred to the Committee on Appropriations
Passed in the House 72 to 37 (details)
