Minnesota § 473.5995 FOOTBALL STADIUM ACCOUNT

Minnesota Statutes

§ 473.5995 — FOOTBALL STADIUM ACCOUNT

Minnesota § 473.5995

PartMETROPOLITAN AREA

Ch. 473METROPOLITAN GOVERNMENT

This text of Minnesota § 473.5995 (FOOTBALL STADIUM ACCOUNT) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 473.5995 (2026).

Text

Subdivision 1.Creation. A football stadium account is created in the special revenue fund in the state treasury. On July 1, 2002, the Metropolitan Sports Facilities Commission must deposit $500,000 from its cash reserves in the football stadium account. Subd. 2.Transfer; sale of the Metrodome. Upon sale of the Metrodome, the Metropolitan Sports Facilities Commission must transfer the net sales proceeds as follows:

(1)$5,000,000 to Hennepin County to offset expenditures for grants for capital improvement reserves for a ballpark under section473.757; and

(2)the remainder to the football stadium account to be used to pay debt service on bonds issued to pay for the construction of a football stadium for the Minnesota Vikings.

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Subdivision 1.Creation.
A football stadium account is created in the special revenue fund in the state treasury. On July 1, 2002, the Metropolitan Sports Facilities Commission must deposit $500,000 from its cash reserves in the football stadium account.

Subd. 2.Transfer; sale of the Metrodome.
Upon sale of the Metrodome, the Metropolitan Sports Facilities Commission must transfer the net sales proceeds as follows:
(1) $5,000,000 to Hennepin County to offset expenditures for grants for capital improvement reserves for a ballpark under section473.757; and
(2) the remainder to the football stadium account to be used to pay debt service on bonds issued to pay for the construction of a football stadium for the Minnesota Vikings.