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IN HB1127
Bill
Status
1/4/2018
Primary Sponsor
Timothy Wesco
Click for details
AI Summary
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Authorizes Indiana's attorney general to enter into an interstate compact prohibiting public funding for professional sports stadiums and venues when at least 24 other states agree to the terms.
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Prohibits use of state general funds and subsidies from other state funds for constructing, maintaining, promoting, or operating professional sports stadiums and venues not in existence on January 1, 2018.
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Prohibits political subdivisions from expending or appropriating public funds or providing subsidies for professional sports stadiums and venues not in existence on January 1, 2018, upon the compact's implementation.
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Exempts existing contracts, bonds, lease financing, and projects approved before the compact's implementation from the restrictions.
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Allows states and political subdivisions to charge reasonable fees for infrastructure related to professional sports stadiums; effective July 1, 2018.
Legislative Description
Interstate compact concerning professional sports. Requires the attorney general to enter into an interstate compact prohibiting public money for professional sports stadiums and venues. Specifies that at least 24 other states must also agree to the compact.
Last Action
First reading: referred to Committee on Statutory Committee on Interstate and International Cooperation
1/4/2018