Bill Text: MN HF1723 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Minnesota Vikings football stadium construction and bond sales halted until revenue certification.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2013-04-16 - Author added Lohmer [HF1723 Detail]
Download: Minnesota-2013-HF1723-Introduced.html
1.2relating to stadiums; halting construction and sale of bonds until revenues
1.3certified;amending Minnesota Statutes 2012, section 16A.965, by adding a
1.4subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 16A.965, is amended by adding a
1.7subdivision to read:
1.8 Subd. 11. Sale of bonds contingent. No bonds shall be sold, and no construction
1.9may begin, on a new football stadium until the commissioner of management and budget
1.10has certified that sufficient revenues from all sources allowed in law are available to meet
1.11annual bond repayment schedules for the entire projected course of state expenditures
1.12for the stadium.
1.13EFFECTIVE DATE.This section is effective the day following final enactment.
1.3certified;amending Minnesota Statutes 2012, section 16A.965, by adding a
1.4subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 16A.965, is amended by adding a
1.7subdivision to read:
1.8 Subd. 11. Sale of bonds contingent. No bonds shall be sold, and no construction
1.9may begin, on a new football stadium until the commissioner of management and budget
1.10has certified that sufficient revenues from all sources allowed in law are available to meet
1.11annual bond repayment schedules for the entire projected course of state expenditures
1.12for the stadium.
1.13EFFECTIVE DATE.This section is effective the day following final enactment.
