1.1 	A bill for an act
1.2 	relating to a University of Minnesota football stadium; providing a process for 
1.3 	state support of a football stadium at the University of Minnesota; appropriating 
1.4 	money; amending Minnesota Statutes 2004, sections 297A.71, by adding a 
1.5 	subdivision; proposing coding for new law in Minnesota Statutes, chapter 473.
1.6 	 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	 Section 1. PURPOSE; FINDINGS.
 1.8 	The legislature finds that construction of a new football stadium by the Board of 
1.9 	Regents of the University of Minnesota on the University's east bank campus in the 
1.10 	city of Minneapolis serves statewide public purposes.  The legislature finds that the 
1.11 	public purposes served include, but are not limited to, providing an on-campus outdoor 
1.12 	intercollegiate football stadium as a part of the public amenities for Minnesota's citizens, 
1.13 	enhancing the enjoyment of its citizens, and enhancing the University experience for 
1.14 	students, alumni, faculty, staff, and other supporters of the University.  The legislature 
1.15 	finds that the University intends to join together with its students, alumni, faculty, staff, 
1.16 	and other supporters to raise funds to build a stadium to return college football to the 
1.17 	University campus.  Further, the legislature finds that construction of a University of 
1.18 	Minnesota football stadium should be supported by the state and that the support should 
1.19 	not detract from or be a substitute for other operating and capital support by the state for 
1.20 	the University; however, state financial support for the stadium should be conditioned 
1.21 	upon the University providing for payment of a significant portion of the stadium's cost 
1.22 	from nonstate general revenue fund sources.  The purpose of this act is to provide a firm 
1.23 	40 percent level of funding for a new University football stadium to be constructed and 
1.24 	owned by the Regents of the University of Minnesota. 

2.1 	 Sec. 2. DEFINITIONS.
 2.2 		Subdivision 1.Applicability. The definitions in this section apply to sections 2 to 7. 
2.3 		Subd. 2.Commissioner. "Commissioner" means the commissioner of finance. 
2.4 		Subd. 3.Stadium. "Stadium" means an athletic stadium suitable for intercollegiate 
2.5 	National Collegiate Athletic Association (NCAA) Division I football games and related 
2.6 	infrastructure improvements constructed on the University of Minnesota's east bank 
2.7 	campus in the city of Minneapolis. 
2.8 		Subd. 4.Board. "Board" means the regents of the University of Minnesota.
2.9 		Subd. 5.Commission. "Commission" means the Metropolitan Sports Facilities 
2.10 	Commission.

2.11 	 Sec. 3. ACTIVITIES; CONTRACTS.
 2.12 	The legislature recognizes that the board has all powers necessary or convenient for 
2.13 	designing, constructing, equipping, improving, controlling, operating, and maintaining the 
2.14 	stadium and may enter into contracts that are in its judgment in the best interests of the 
2.15 	public for those purposes. Notwithstanding contrary law, the board may adopt the fair 
2.16 	and competitive design and construction procurement procedures in connection with the 
2.17 	stadium that it considers to be in the public interest. 

2.18 	 Sec. 4. CONDITIONS FOR PAYMENT TO THE UNIVERSITY.
 2.19 	Before the commissioner may make the first payment to the board authorized in this 
2.20 	section the commissioner must certify that the board has received at least $141,000,000 
2.21 	in pledges, gifts, sponsorships and other nonstate general fund revenue support for the 
2.22 	construction of the stadium.  On July 1 of each year after certification by the commissioner, 
2.23 	but no earlier than July 1, 2007, and for so long thereafter as any bonds issued by the board 
2.24 	for the construction of the stadium are outstanding, the state must transfer to the board 
2.25 	$7,000,000 to reimburse the board for its stadium costs, provided that bonds issued to pay 
2.26 	the state's share of such costs shall not exceed $94,000,000.  $7,000,000 is appropriated 
2.27 	annually from the general fund for the purpose of this section.  Except to the extent of the 
2.28 	annual appropriation described in this section, the state is not required to pay any part of 
2.29 	the cost of designing or constructing the stadium. 

2.30 	 Sec. 5. NO FULL FAITH AND CREDIT.
 2.31 	Any bonds or other obligations issued by the board under this act are not public debt 
2.32 	of the state, and the full faith and credit and taxing powers of the state are not pledged for 
2.33 	their payment, or of any payments that the state agrees to make under this act. 

3.1 	 Sec. 6. Minnesota Statutes 2004, section 297A.71, is amended by adding a subdivision 
3.2 	to read:
3.3 		Subd. 33.Construction materials; university of minnesota football stadium.
 3.4 	Materials, supplies, or equipment used or consumed in connection with the construction, 
3.5 	equipping, or improvement of a football stadium constructed for use by the University 
3.6 	of Minnesota are exempt.  This subdivision expires one year after substantial completion 
3.7 	of the football stadium.

3.8 	 Sec. 7.[473.5955] [TERMINATION OF LEASE.]
3.9 	The lease between the Regents of the University of Minnesota and the commission 
3.10 	dated May 19, 1982, that requires the University of Minnesota football team to play its 
3.11 	home football games at the Hubert H. Humphrey Metrodome until July 1, 2012, may 
3.12 	be terminated by the board effective on or after the date designated by the board as the 
3.13 	date of completion of the stadium on the University of Minnesota's east bank campus in 
3.14 	the city of Minneapolis. 

3.15 	 Sec. 8. EFFECTIVE DATE.
 3.16 	Sections 1 to 7 are effective the day following final enactment.