April 30, 2007(Key vote)
Title: Funding for Professional Sports Franchise Facilities
Vote Smart's Synopsis:
Vote to pass a bill that authorizes up to $60 million in subsidies for facilities for professional baseball, basketball, football, and hockey franchises.
-Defines criteria for a sports franchise facility to be eligible for sales tax funding as including a projected annual paid attendance of over 300,000 and a projected annual sales tax revenue to the state of at least $4 million from the operation of the facility (sec. 1).
- Authorizes distributions of up to $166,667 on a monthly basis for up to 30 years for facilities certified as a facility for a professional sports franchise" (sec. 2).