Change provisions relating to limitations on state assistance under the Sports Arena Facility Financing Assistance Act

Summary

The bill changes how the state can provide assistance for sports arena facilities, setting maximum years for arts and sports promotion funding, limiting aid for small‑city complexes, and allowing up to 100% funding for large public stadiums approved after July 19 2024. It affects political subdivisions, nonprofit co‑applicants, and private arena owners that seek bond financing under the Sports Arena Facility Financing Assistance Act.

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