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MN HF1787

Bill

Status

Introduced

4/19/2013

Primary Sponsor

Bob Barrett

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Requires the Minnesota Vikings to pay revenues from naming rights, personal seat licenses, builder's licenses, and NFL loans into a state "private contribution fund" for stadium construction and operation.

  • Establishes a separate "owner's contribution fund" requiring the Vikings owner to pay a minimum of $200,000,000 toward stadium construction, independent of other revenue contributions.

  • Directs the Commissioner of Management and Budget to release funds from both accounts to the Minnesota Stadium Authority as needed for stadium construction and operation.

  • Requires the Commissioner to publicly account for revenue sources and fund status for both the private contribution fund and owner's contribution fund.

  • Makes the owner payment requirement retroactive to May 1, 2012, while the private revenue requirement takes effect the day after enactment.

Legislative Description

Private stadium revenues required to be paid into the state treasury, and stand-alone owner payment required.

Last Action

Authors added Dettmer and Drazkowski

4/20/2013

Committee Referrals

Government Operations4/19/2013

Full Bill Text

No bill text available