Modifies provisions relating to certain convention and sports complex funds

The act requires the Commissioner of the Office of Administration to determine the total amount of football-related public benefits, as defined in the act, received by any professional sports team affiliated with or franchised by the National Football League that leases a sports facility receiving state appropriations. For all calendar years beginning on or after January 1, 2027, and ending on or before December 31, 2031, such professional sports team shall, for the purpose of reimbursing the state for such football-related public benefits, annually remit to the Department of Revenue an amount equal to one-fifth of the total football-related public benefits, which shall be deposited in the "Sports Facility Remediation Fund", which is created by the act.

Seventy-five percent of the moneys in the Sports Facility Remediation Fund shall be used solely for the demolition or conversion of a sports facility that has received state appropriations in order for such facility to be economically developed and put to another lawful public or commercial use. The remaining twenty-five percent of the moneys in the Sports Facility Remediation Fund shall be appropriated to the Department of Health and Senior Services for the purposes of conducting research on the causes and effects of chronic traumatic encephalopathy (CTE).

The total amount of reimbursements received pursuant to this act shall not exceed the total amount of football-related public benefits. JOSH NORBERG