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Office of the Revisor of Statutes

SF 2127 Senate Long Description

1E Relating to economic development; assisting the Minnesota Vikings in securing financing to build a privately owned, privately operated stadium as a venue for professional football; issuing revenue bonds secured by and to be repaid with revenues generated by user fees associated with attending games and events at the stadium; providing incentives for businesses to make contributions toward the expenses of constructing a stadium through reductions to the state and general levy property tax and by exempting construction materials used in construction of the stadium from sales taxes; requiring the stadium be located in Minnesota; requiring the Minnesota Vikings to repay the financing and play all home games in the stadium until repayment of the bonds
(je)