This bill authorizes the city of Champlin, Minnesota, to impose a local sales and use tax of up to one-half of one percent, contingent upon voter approval. The tax is intended to finance the construction of a new indoor athletic facility, with a total funding cap of $18,000,000, including associated bonding costs. The bill outlines that the revenues from this tax will cover the costs of tax collection and administration, as well as the facility's construction. The provisions of Minnesota Statutes, section 297A.99, will govern the tax's imposition, administration, collection, and enforcement, and this local tax will be in addition to any other local sales and use taxes authorized by special law.

Additionally, the bill grants Champlin the authority to issue bonds to finance the project, with a principal amount not exceeding $18,000,000. These bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either 30 years after its imposition or when the city council determines that sufficient funds have been raised to cover the project costs and bond issuance expenses. Any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of this legislation will be the day after the city’s governing body complies with specific statutory requirements.