MI SB1277

Amends the State Convention Facility Development Act to change fiscal year references from September 30 to June 30 for distribution calculations beginning with fiscal year 2011.

Establishes declining annual distributions to metropolitan authorities for operational deficit costs of qualified convention facilities: $11 million (FY 2010-2011), $9 million (FY 2012-2013), $8 million (FY 2014-2015), $7 million (FY 2016), $6 million (FY 2017), and $5 million (FY 2018-2023).

Provides for distribution of liquor tax collections from counties without convention hotels to those counties and counties with convention hotels based on proportional liquor tax collections, with adjustments excluding specific jurisdictions from calculations.

Allows excess convention facility development fund revenues beyond required distributions to be used by metropolitan authorities for retiring outstanding bonds or covering unfunded operational deficit costs.

Makes this act contingent on enactment of Senate Bill 1281 of the 95th Legislature.