2007 Senate Bill 774 ↩

House Roll Call 407: Passed

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.