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MN HF1764

Bill

Official Source

Status

Introduced

4/11/2013

Primary Sponsor

Bob Barrett

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Halts bond sales for Minnesota Vikings football stadium construction unless three conditions are met
  • Requires commissioner of management and budget to certify that revenues from electronic pull-tabs and bingo will cover annual bond costs for at least five years
  • Requires commissioner to certify completion of a gaming study showing gaming revenues will cover projected costs through completion of state obligations, OR certify an agreement with the Vikings and NFL for naming rights revenues and NFL construction loans to cover any funding shortfalls
  • Amends Minnesota Statutes 2012, section 16A.965 by adding subdivision 11
  • Effective the day following final enactment

Legislative Description

Minnesota Vikings football stadium bond sales halted, and revenue certification required.

Last Action

Author added Lohmer

4/16/2013

Committee Referrals

Government Operations4/11/2013

Full Bill Text

No bill text available