Introduced in the Senate on September 12, 2007, to amend the State convention facility development act to specifically allow the “fund raid” used by the legislature as part of the
deal 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
The vote was 38 in favor, 0 opposed and 0 not voting
(Senate Roll Call 337 at Senate Journal 90)
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