MN SF2127

Authorizes the commissioner of management and budget to issue up to $300,000,000 in state revenue bonds to finance construction of a privately owned NFL stadium for the Minnesota Vikings.

Imposes a 10 percent user fee on stadium ticket sales, concessions, personal seat licenses, sponsorships, parking within one-half mile on game days, television/media revenue, and stadium rental fees to secure bond repayment.

Requires the Minnesota Vikings to play all home games in the stadium for 30 years or until bonds are repaid, whichever is longer, with specific performance and injunctive relief available as enforcement remedies.

Exempts stadium and public infrastructure construction materials from sales taxes and allows cities to issue additional intoxicating liquor licenses for the stadium beyond normal legal limits.

Expires May 18, 2014 if no agreement is reached between the state and the team memorializing the team's obligations under the act.