MI HB5508

Modifies distribution priorities from the convention facility development fund with tiered amounts to metropolitan authorities for operational deficit costs of qualified convention facilities through fiscal year 2023.

Establishes specific annual distributions to metropolitan authorities: $11 million for fiscal years 2010-2011, declining to $5 million annually for fiscal years 2018-2023.

Allocates $2 million for fiscal year 2016 to school districts with same boundaries as qualified local governmental units for career technical education and behavioral health programs, contingent on equal private or philanthropic match.

Distributes remaining fund revenue after priority payments to counties based on proportional liquor tax collections, with separate allocations for counties with and without convention hotels.

Requires distributions after fiscal year 2016 to go toward retirement of outstanding bonds and obligations or unfunded operational deficit costs for metropolitan authorities operating qualified convention facilities.