MN SF5110

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

Adds health care facilities as an authorized use of Hennepin County sales and use tax revenues, allowing grants and bonds for development, construction, and improvement of county-owned health care facilities after ballpark debt service and ballpark-related expenditures are paid.

Expands ballpark capital improvement grants from $1,000,000 to $9,000,000 annually, adjusted for inflation, with grants subject to agreement and not constituting county debt.

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

Modifies tax revenue termination provisions to reference the latest-issued series of bonds and extends the calculation period through the final term of the agreement with the team.