1.2relating to stadiums; requiring private stadium revenues to be paid into the
1.3state treasury; requiring stand-alone owner payment; amending elements of the
1.4stadium financing package;amending Minnesota Statutes 2012, section 473J.15,
1.5by adding subdivisions.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7    Section 1. Minnesota Statutes 2012, section 473J.15, is amended by adding a
1.8subdivision to read:
1.9    Subd. 17. Private revenues; state remittance. Revenues contributed by the
1.10Minnesota Vikings football team for the team commitment for stadium construction or
1.11operation from naming rights, personal seat licenses, builder's licenses, or any NFL loan
1.12or builder's program must be paid by the team to the state of Minnesota, and deposited in
1.13a fund to be known as the private contribution fund. The commissioner of management
1.14and budget shall release money from this fund to the Minnesota Stadium Authority, as
1.15needed, to pay for construction and operation of the football stadium, per statutorily
1.16required agreements. The commissioner shall publicly account for the source of revenues
1.17and status of the fund in a manner determined by the commissioner.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.

1.19    Sec. 2. Minnesota Statutes 2012, section 473J.15, is amended by adding a subdivision
1.20to read:
1.21    Subd. 18. Owner payment. The owner of the Minnesota Vikings football team shall
1.22pay a minimum contribution of $200,000,000 to the construction of the Minnesota Vikings
1.23stadium, separate and in addition to the revenues deposited in the private contribution
2.1fund. This amount must be paid by the team to the state of Minnesota and shall be
2.2deposited in a fund to be known as the owner's contribution fund. The commissioner of
2.3management and budget shall release money from this fund to the Minnesota Stadium
2.4Authority, as needed, to pay for construction and operation of the football stadium, per
2.5statutorily required agreements. The commissioner shall publicly account for the source
2.6of revenues and status of the fund in a manner determined by the commissioner.
2.7EFFECTIVE DATE.This section is effective retroactively from May 1, 2012.

2.8    Sec. 3. Minnesota Statutes 2012, section 473J.15, is amended by adding a subdivision
2.9to read:
2.10    Subd. 19. Stadium contributions. Notwithstanding any law or ordinance to
2.11the contrary, the following amounts shall be the amounts contributed by parties to the
2.12construction of a football stadium in Minneapolis:
2.13(1) the owner contribution shall be $200,000,000;
2.14(2) the state contribution shall be $100,000,000;
2.15(3) the city of Minneapolis contribution shall be $150,000,000;
2.16(4) the NFL loan and gift shall be $200,000,000;
2.17(5) naming rights shall be sold for not less than $150,000,000 in present value;
2.18(6) personal seat licenses shall be sold for not less than $175,000,000 in present
2.19value; and
2.20(7) if naming rights and personal seat licenses exceed or fall short of stated amounts,
2.21any shortfall or surplus shall be apportioned 66.67 percent to the Vikings and 33.33
2.22percent to the state of Minnesota.
2.23EFFECTIVE DATE.This section is effective retroactively from May 1, 2012.