MN HF4977

Designates the ballpark authority as a qualifying government for long-term equity investments, with investment limitations calculated based on the county's audited statement of net position rather than the authority's statement.

Authorizes Hennepin County to appropriate funds for development, construction, and improvement of county-owned or operated health care facilities, including site acquisition, public infrastructure, and capital improvement reserves.

Increases the annual reserve fund for ballpark capital improvements from $2,000,000 to $13,500,000, with the team's share increasing from $1,000,000 to $4,500,000.

Allows the county to issue revenue bonds for health care facility development and improvement, with bonds potentially secured by taxes levied under the local sales and use tax or by the county's full faith and credit.

Modifies the ballpark grant authority to explicitly include capital improvements of the ballpark or public infrastructure within the development area as eligible uses of tax revenue.