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