This bill amends Minnesota Statutes 2024, section 297E.02, by adding a new subdivision that establishes a process for appropriating funds to the Minnesota Sports Facilities Authority for stadium improvements, contingent on revenues generated from electronic pull-tabs. The commissioner, in consultation with the commissioner of management and budget, is required to calculate the difference in revenue from the tax on electronic pull-tabs between the previous fiscal year and a designated base year (fiscal year 2024). If this calculated amount is positive, a percentage of it, up to a maximum of $20 million, will be appropriated annually from the general fund to the Authority by August 1 of each year starting in 2026.

Additionally, the bill outlines that beginning July 1, 2026, the commissioner must adjust the maximum appropriation amount based on specified criteria. The new legal language defines key terms such as "base year," "maximum amount," and "stadium," ensuring clarity in the implementation of the appropriations. The effective date for this section is set for July 1, 2025.

Statutes affected:
Introduction: 297E.02