SB 1453 Summary

• Establishes an interstate compact prohibiting use of state and local government funds for construction, maintenance, promotion, or operation of professional sports stadiums.

• Defines "subsidy" to include direct funding, tax credits, tax exemptions, government bonds, loans, loan guarantees, and other government funding mechanisms.

• Compact becomes effective once 24 other states ratify substantially similar measures, as determined by the Attorney General.

• Exempts existing contracts and bond financing for projects approved before the compact's effective date, and allows states to charge reasonable infrastructure fees related to stadiums.

• Expresses legislative intent that government resources should prioritize core functions like public safety, education, and roads rather than subsidizing private professional sports facilities.