HF 2294

FIRST ENGROSSMENT

Anoka County football stadium financing provided, stadium authority established, county authorized to levy and collect certain taxes, and Metrodome proceeds account created.

Section 1: Stadium construction materials and equipment sales and use tax exemption provided.
Sec. 2: Metrodome proceeds account created.
Sec. 3: Purpose specified for new stadium.
Sec. 4: Related terms defined.
Sec. 5: Location specified.
Sec. 6: Anoka county- Blaine stadium authority established and membership specified.
Sec. 7: Powers of authority established.
Sec. 8: Bonds issued.
Sec. 9: Development and financing agreement required.
Sec. 10: Use agreement provided.
Sec. 11: Anoka county revenue sources provided.
Sec. 12: Stadium tax increment computation detailed.
Sec. 13: Environmental requirements specified.
Sec. 14: Repealer.

AME
5/8/06