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Minnesota Statutes Metropolitan Area (Ch. 473-473J) § 473.5995. Football stadium account

Current as of January 01, 2025 | Updated by Findlaw Staff

Subdivision 1. Creation. A football stadium account is created in the special revenue fund in the state treasury. On July 1, 2002, the Metropolitan Sports Facilities Commission must deposit $500,000 from its cash reserves in the football stadium account.

Subd. 2. Transfer; sale of the Metrodome. Upon sale of the Metrodome, the Metropolitan Sports Facilities Commission must transfer the net sales proceeds as follows:

(1) $5,000,000 to Hennepin County to offset expenditures for grants for capital improvement reserves for a ballpark undersection 473.757; and

(2) the remainder to the football stadium account to be used to pay debt service on bonds issued to pay for the construction of a football stadium for the Minnesota Vikings.

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Cite this article: FindLaw.com - Minnesota Statutes Metropolitan Area (Ch. 473-473J) § 473.5995. Football stadium account - last updated January 01, 2025 | https://codes.findlaw.com/mn/metropolitan-area-ch-473-473j/mn-st-sect-473-5995/

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