Legislative Session number- 83

Bill Name: HF3089

hf3089SECOND ENGROSSMENTStadium; providing for a process to build stadiums for
the Minnesota +Twins and Minnesota Vikings, establishing the Minnesota Stadium
Authority, +issuing bonds, authorizing local taxes, and appropriating
money.Section 1: Purpose provided.Sec. 2: Minnesota stadium authority
established.Sec. 3: Authority powers provided and detailed regarding property
+disposition, gifts and grants, use agreements, insurance, and council review
+exemption.Sec. 4: Criteria and conditions established regarding public
+investment, team and fan contributions, capital improvements reserve, lease or
use +agreements, land title, public infrastructure, price, completion date,
+performance, and environmental requirements.Sec. 5: Local tax provisions
provided.Sec. 6: Local tax increment financing and development right
+regulations established.Sec. 7: Stadium tax increment computation regulations
provided.Sec. 8: Security regulations provided.Sec. 9: Negotiation deadlines
provided.Sec. 10: Repealer.AE