§ 16A.726 — Sports Facilities Transfers; Appropriations
Plain-Language Summary
Creates the tobacco securitization program to convert future tobacco payments into immediate funding.
16A.726 SPORTS FACILITIES TRANSFERS; APPROPRIATIONS.
(a) The commissioner shall make transfers to the Minnesota Sports Facilities Authority required to make the state payments under section 473J.13, subdivisions 2 and 4, and for the amount of Minneapolis taxes withheld under section 297A.994, subdivision 4, paragraph (a), clause (4). Amounts sufficient to make the transfers are appropriated to the commissioner from the general fund.
(b) $2,700,000 is annually appropriated from the general fund from fiscal year 2014 through fiscal year 2033 to the commissioner of management and budget for a grant to the city of St. Paul for the operating or capital costs of new or existing sports facilities.
History:
2012 c 299 art 1 s 5; 2023 c 64 art 13 s 1
History: History: 2012 c 299 art 1 s 5; 2023 c 64 art 13 s 1