There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 207 - TAXATION
Act 106 of 1985 - STATE CONVENTION FACILITY DEVELOPMENT ACT (207.621 - 207.640)
STATE CONVENTION FACILITY DEVELOPMENT ACTAct 106 of 1985
AN ACT to impose a state excise tax on persons engaged in the business of providing rooms for dwelling, lodging, or sleeping purposes to transient guests in certain counties; to provide for the levy, assessment, and collection of the tax; to provide for the disposition and appropriation of the collections from the tax; to create a convention facility development fund; to authorize the distributions from the fund; to authorize the use of distributions from the tax as security for any bonds, obligations, or other evidences of indebtedness issued to finance convention facilities as provided by law; to prescribe certain other matters relating to bonds, obligations, or other evidences of indebtedness issued for such purposes.
History: 1985, Act 106, Imd. Eff. July 30, 1985
- Section 207.621 - Short title.
- Section 207.622 - Legislative finding.
- Section 207.623 - Definitions.
- Section 207.624 - Excise tax; rates; exemption.
- Section 207.625 - Excise tax; time and manner of collection; administration of tax.
- Section 207.626 - Tax cumulative.
- Section 207.628 - Convention facility development fund; creation; disposition of collections; use of fund; contract requirement; appropriation, transfer, and deposit of amount.
- Section 207.629 - Distribution from fund; transferee as qualified local governmental unit; distribution to certain building authorities; "qualified local governmental unit" defined; certain payments prohibited; "qualified city" defined; building authority as qualified local governmental unit.
- Section 207.630 - Distribution of money remaining in fund; priority; substance abuse treatment; quarterly distributions.
- Section 207.631 - Refunding bonds, obligations, or other evidences of indebtedness; purposes for issuance; dedication of tax distributions from convention facility development fund; determination by state treasurer; effect of unlawful expenditure.
- Section 207.632 - Transmitting payment to trustee or trustees for bonds, obligations, or other evidences of indebtedness; prohibition; exception.
- Section 207.633 - When pledge effective, valid, and binding; lien of pledge; filing or recording of instrument creating pledge; construction of section.
- Section 207.634 - Bonds, obligations, or other evidences of indebtedness not debt, liability, or obligation of state; payment or refunding; statement.
- Section 207.635 - State pledge and agreement; construction of section.
- Section 207.636 - Liberal construction.
- Section 207.637 - Powers cumulative.
- Section 207.638 - Annual appropriation.
- Section 207.639 - Effective date of excise tax.
- Section 207.640 - Levy of tax; time period.
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