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MN HF1809

Bill

Official Source

Status

Introduced

4/26/2013

Primary Sponsor

Brian Johnson

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Modifies criteria for issuance of stadium bonds by amending Minnesota Statutes 2012, section 297E.021, subdivision 3
  • Redefines "available revenues" to include reduction of revenues from specified appropriations and payments for principal, interest, operating expenses, capital reserves, and administration
  • Requires NFL team to pay any deficiency to the state general fund if available revenues fall below the amount needed for the appropriation in subdivision 4
  • Becomes effective the day following final enactment

Legislative Description

Stadium bond issuance criteria modified.

Last Action

Introduction and first reading, referred to Government Operations

4/26/2013

Committee Referrals

Government Operations4/26/2013

Full Bill Text

No bill text available