Establishing the commission on culture and recreation, membership to include gubernatorial appointments and the commissioner of finance as a nonvoting member, confirmation by the senate to require greater than a simple majority vote, specifying certain membership requirements and restrictions; requiring commission grants for construction or rehabilitation of cultural and sports facilities for use by arts organizations, professional sports teams or the university of Minnesota; prohibiting commission ownership of the facilities or funding of operations; requiring the commission to adopt rules establishing guidelines for capital project grants; specifying application requirements, grant priorities and a funding limit; authorizing and providing for the issuance of revenue bonds for certain purposes, limit, authorizing the issuance of revenue anticipation certificates, appropriating money to the commissioner of finance for payment to the commission for bond costs, agreement requirements (rla)