2009 Senate Bill 586 / Public Act 60

Cobo Hall Authority “re-do”

Introduced in the Senate

May 19, 2009

Introduced by Sen. Tony Stamas (R-36)

To transfer to the Cobo authority created by Senate Bill 585 $16 million in annual tobacco tax revenue money that would have gone to Detroit through 2016 to pay Cobo Hall bonds, and add another $15 million annually from 2016 through 2039. That extra money would pay debt service on money borrowed now for Cobo repairs and upgrades (or to expand a facility in Oakland County if the Detroit city council turns down this deal).

Referred to the Committee on Commerce and Tourism

May 27, 2009

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the Senate 20 to 16 (details)

Received in the House

May 27, 2009

Referred to the Committee on Commerce

June 17, 2009

Motion by Rep. Kathy Angerer (D-55)

To discharge the Committee on Commerce from further consideration of the bill and move it directly to the House floor for immediate consideration and debate.

The motion passed by voice vote

Referred to the Committee on Regulatory Reform

June 23, 2009

Substitute offered by Rep. David Nathan (D-11)

To replace the previous version of the bill with one that strips out all of the specific provisions of the Senate-passed version of the bill, leaving it as a "template" for further negotiations.

The substitute passed by voice vote

Passed in the House 105 to 4 (details)

To strip out all of the specific provisions of the Senate-passed version of the bill, leaving it as a "template" or "placeholder." This is basically a procedural method of launching negotiations to work out minor differences between the House and Senate on a Cobo Hall deal.

Received in the Senate

June 24, 2009

Failed in the Senate 0 to 35 (details)

To concur with a House-passed version of the bill. The vote sends the bill to a House-Senate conference committee to work out the differences.

June 26, 2009

Received

Passed in the Senate 31 to 1 (details)

To adopt a compromise version of the bill reported by a House-Senate conference committee. The final deal includes the original provisions of this bill (to transfer to a new regional Cobo authority $16 million in annual tobacco tax revenue money that would have gone to Detroit through 2016 to pay Cobo Hall bonds, and add another $15 million annually from 2016 through 2039), and converts the transfer of Cobo Hall to the authority into a 30 year lease. See <a href="http://www.michiganvotes.org/2009-HB-4998">House Bill 4998</a> for other details of the final deal.

Received in the House

June 26, 2009

Passed in the House 91 to 16 (details)

Signed by Gov. Jennifer Granholm

July 1, 2009