SB 0649
Economic development: other; state convention facility development act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10 of 1985 PA 106 (MCL 207.630). TIE BAR WITH: SB 0631'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the state convention facility development act by eliminating the Michigan Strategic Fund. It outlines how remaining funds in the convention facility development fund will be distributed, prioritizing operational costs for qualified convention facilities, then distributing funds to counties based on liquor tax collections, and finally, allocating excess funds to metropolitan authorities for capital expenditures or bond repayment. A portion of the funds are also directed to street railway systems and, temporarily in 2021, to convention centers impacted by COVID-19.
Sponsors
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Primary sponsor
Thomas A. Albert
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