SB 587 - Cobo Convention Center - Michigan Key Vote
Kim Meltzer voted Nay (Passage With Amendment) on this Legislation.
Timeline
- Senate Conference Report Adopted
- June 26, 2009
- Senate Conference Report Adopted
- June 26, 2009
- Senate Concurrence Vote Failed
- June 24, 2009
- House Bill Passed
- June 18, 2009
- Senate Bill Passed
- May 27, 2009
- Introduced
- May 19, 2009
Related Issues
Stage Details
Title: Cobo Convention Center
Vote Smart's Synopsis:
Vote to pass a bill that would amend the State Convention Facility Development Act enacted in 2008 to appropriate funds and provide other funding for the qualified convention facility, if it were transferred to a regional convention authority.
Highlights:
-Transfers $ 9 M to the Convention Facility Development Fund as part of the Michigan Trust Fund Act (Sec. 8). -Arranges for transfers of funds to local metropolitan governments where convention centers are located (Sec. 10).
More Info About this Vote
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Title: Cobo Convention Center
Vote Smart's Synopsis:
Vote to pass a bill that would amend the State Convention Facility Development Act enacted in 2008 to appropriate funds and provide other funding for the qualified convention facility, if it were transferred to a regional convention authority.
Highlights:
-Defines convention hotel as located in a county with one or more of the following attributes: -A publicly owned or leased convention facility with 200,000 (formerly 350,000) square feet of exhibit space -A publicly owned or leased convention facility with 1,000 (formerly 2,000) or more rooms to provide accommodations for transient guests (Sec. 3). -Includes building authority in the definition of "local governmental unit", which formerly meant a county, township, city, village, or a metropolitan authority formed under the Regional Convention Facility Authority Act (Sec. 3). -Requires that if the transfer of a qualified convention facility to a regional convention authority is disapproved by the legislative body of a qualified city, then for the fiscal year ending September 30, 2009, $9 million is appropriated from the 21st Century Jobs Trust Fund to a building authority for a county of population between 1 million and 1.5 million to develop a convention facility (Sec. 8). -States that a building authority that became a qualified local governmental unit after May 1, 2009, is unable to issue bonds, obligations, or other evidences of indebtedness to which distributions under the Act were pledged in order to finance a total cost of all projects undertaken by the qualified local governmental unit that exceeded $154.0 million (Sec. 12).
Title: Cobo Convention Center