MI SB1010

Amends Section 9 of the State Convention Facility Development Act to modify distribution requirements for convention facility development fund revenue.

Removes the fiscal year 2015-2016 sunset date restricting tax collections from being used for repayment of bonds and obligations incurred after 2009, allowing collections to be applied toward pre-2009 debt until all such obligations are retired or defeased.

Establishes that if a regional convention facility authority transfer and lease is disapproved and the authority dissolved beginning in fiscal year 2015-2016, accommodations excise tax collections must be distributed to counties based on amounts collected in each county.

Allows qualified cities with higher accommodation excise tax rates to receive collections equal to the difference between their rate and the lower county rate outside the city.

Clarifies that building authorities for counties with 1,000,000 to 1,500,000 population receive health and safety fund distributions monthly from the state treasurer when they become qualified local governmental units.