MN HF2403

Commissioner of employment and economic development shall establish and administer a film production and investment incentive program with the Association of Minnesota Motion Pictures (AMMP) to fund feature-length films and television series produced in Minnesota.

Initial earnings from investments must be repaid to the arts and cultural heritage fund, and 50 percent of future revenues from each film or television series must be paid to the general fund.

AMMP must have preferred position financing and ownership claims on funded projects that are not subordinate to other creditors or investors.

Projects must meet eight eligibility requirements including final script and budget, documented funding from other sources, distribution agreement with a well-known distributor, and majority of funds spent in Minnesota.

An unspecified amount from the arts and cultural heritage fund in fiscal year 2018 is appropriated to the commissioner for transfer to AMMP once an agreement is signed.