Bill > SF5101

This bill establishes a Sports and Events Reimbursement Program to provide financial assistance for certain large-scale sporting and entertainment events held in Minnesota. The program will be funded through a dedicated account, and eligible events are specifically defined and include a wide range of professional and amateur competitions and tournaments, such as NCAA championships, major league sports all-star games and drafts, and international soccer matches. To qualify for funding, an event must be selected to be held in Minnesota by a site selection organization, which is an entity capable of contracting for such events, and a local organizing committee, which is responsible for the event's promotion and execution. The program allows for reimbursement of costs associated with event preparation, conducting the event, and facility improvements or construction. The bill also outlines a process for determining the incremental increase in tax revenues generated by these events, with a portion of these revenues being directed to the reimbursement program account, and requires local organizing committees to submit detailed financial and economic impact reports.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/5101/