Legislative Session number- 82

Bill Name: HF2214

hf2214 FOURTH ENGROSSMENT Stadium; professional baseball park financed, property
tax exemption provided, additional taxes authorized, funding requirements
specified, site selection process provided, bonds authorized, and money
appropriated. Section 1: Real or personal property used as a baseball park
exempted from taxation. Sec. 2: Construction materials for baseball park
exempted from taxation. Sec. 3: Commission membership modified. Sec. 4: Football
stadium account created. Sec. 5: Related terms defined. Sec. 6: Site selection
procedure provided. Sec. 7: Revenue bonds preconditions provided. Subd. 2: Major
league baseball guaranty required. Subd. 3: Baseball economic reform review
initiated. Subd. 4: Maximum construction price set Subd. : Labor and material
requirements provided. Subd. 6: Socially disadvantaged persons provisions
clarified. Subd. 7: Team use agreement established. Subd. 8: Community ownership
possibility investigation required. Subd. 9: Team name and logo usage
regulations established. Subd. 10: Discovery order compliance required. Sec. 8:
Sports facilities fund established. Sec. 9: Loan agreement required. Sec. 10:
Baseball park revenue bonds authorized. Sec. 11: Local taxing authority
provisions detailed and referendum required; baseball park admission tax
required, local option taxes expiration provided, food and beverage tax
authorized, parking tax authorized, lodging tax authorized. Sec. 12: Design and
construction provisions detailed. Sec. 13: Baseball park liquor license
authorized. Sec. 14: Condominium establishment authorized. Sec. 15: Alternative
bonding authority determination procedures detailed. Sec. 16: Baseball park
district establishment authorized. Sec. 17: Joint powers agreement authorized.
Sec. 18: Football stadium review initiated, report required, and money
appropriated. Sec. 19: Metrodome revenue review required. Sec. 20: Effective
date. AE