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MN HF2965
Bill
Status
3/26/2012
Primary Sponsor
John Lesch
Click for details
AI Summary
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Prohibits government entities (state agencies or political subdivisions) from charging rent significantly lower than market rates for publicly owned stadiums or sports facilities serving professional sports teams.
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Requires government entities to prepare and publicly publish a market comparison analysis to determine market rates, measuring proposed rents against those charged in other jurisdictions for similar publicly owned stadiums and sports facilities.
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Applies to any new rent agreement or lease, or any renewed or renegotiated rent agreement or lease entered into on or after the day following final enactment.
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Overrides any conflicting state law, ordinance, or charter provision.
Legislative Description
Publicly owned stadiums and sports facilities serving a professional sports franchise market rate rent required.
Last Action
Introduction and first reading, referred to Government Operations and Elections
3/26/2012