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MI HB6119
Bill
Status
10/14/2020
Primary Sponsor
Cynthia Neeley
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AI Summary
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Distributes $5,000,000 to a metropolitan authority for fiscal year ending September 30, 2020, plus an additional $7,000,000 for COVID-19 related operational costs in the same fiscal year.
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Allocates $8,000,000 for fiscal year ending September 30, 2021; $8,000,000 for fiscal year ending September 30, 2022; $7,000,000 for fiscal year ending September 30, 2023; $6,000,000 for fiscal year ending September 30, 2024; and $5,000,000 for fiscal year ending September 30, 2025 to a metropolitan authority for qualified convention facility operational costs.
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Authorizes up to $5,000,000 annually for fiscal years 2020-2022 to support street railway system operations if convention facility development fund revenue exceeds specified distributions.
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Provides up to $4,000,000 for fiscal year ending September 30, 2021 to the Michigan strategic fund for grants to publicly owned convention centers negatively impacted by COVID-19, with a $1,000,000 maximum per facility.
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Transfers $10,000,000 from the convention facility development fund to the state general fund for fiscal year ending September 30, 2020 before other distributions are made.
Legislative Description
Economic development: other; fund shift for the convention facility development fund; provide for. Amends sec. 10 of 1985 PA 106 (MCL 207.630).
State financing and management: budget
Last Action
Assigned Pa 205'20 With Immediate Effect
10/14/2020