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MN HF1788
Bill
Status
4/19/2013
Primary Sponsor
Bob Barrett
Click for details
AI Summary
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Amends Minnesota Statutes section 473J.15 to require the Minnesota Stadium Authority to retain all revenues from naming rights, personal seat licenses, builder's licenses, and any NFL loans or grants.
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Directs the commissioner of management and budget to deposit these revenues in the state treasury and use them to offset general fund contributions to appropriation bonds for football stadium construction and operation.
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Takes effect the day following final enactment.
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Provides that if the football team refuses to comply with the act, the Minnesota Stadium Authority must cease all work on constructing the new football stadium.
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Directs the revisor to prepare legislation revising Laws 2012, chapter 299 to conform with this act's provisions.
Legislative Description
Stadium naming rights, seat licenses, and NFL loan revenue required to be used for the state's share of stadium costs.
Last Action
Author added Franson
4/20/2013