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Office of the Revisor of Statutes

SF 1557 Senate Long Description

Requiring and providing for the governor and the metropolitan sports +facilities commission to attempt to provide for community ownership of the +Minnesota Twins through transfer of ownership interest by gift or sale to a community foundation or nonprofit corporation, requiring the governor and the +commission to work with a professional baseball franchise and a community +foundation to develop a plan to offer shares of the franchise to the general +public; specifying certain requirements relating to the sale of stock in the +team and certain restrictions relating to moving the franchise outside the +state; prohibiting the expenditure of state funds to generate revenue or to +provide operating support for or defray operating losses of a professional +baseball franchise (ja)