123B.025 SCHOOL SPONSORSHIP AND ADVERTISING REVENUE.
Subdivision 1. Board authority; contracts.
A school board may enter into a contract with
advertisers, sponsors, or others regarding advertising and naming rights to school facilities under
the general charge of the district. A contract authorized under this section must be approved by
the school board. The powers granted to a school board under this section are in addition to any
other authority the school district may have.
Subd. 2. Authorized agreements.
A school district may enter into a contract to:
(1) lease the naming rights for school facilities, including school buildings, ice arenas, and
(2) sell advertising on or in the facilities listed in clause (1); and
(3) otherwise enter into an agreement with a sponsoring agent.
Subd. 3. Revenue uses.
Revenue generated under this section must be used according to a
plan specified by the school board.
History: 1Sp2003 c 9 art 2 s 12