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Office of the Revisor of Statutes

SF 2417 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 interests 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 ownership percentage and 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 (mk)