SB 1792

                                      SECOND REGULAR SESSION
                 SENATE BILL NO. 1792
                                      103RD GENERAL ASSEMBLY
                                       INTRODUCED BY SENATOR WEBBER.
 6465S.03I  KRISTINA MARTIN, Secretary
                                                   AN ACT
 To amend chapter 67, RSMo, by adding thereto one new section relating to certain convention and
           sports complex funds.
 Be it enacted by the General Assembly of the State of Missouri, as follows:
1Section A.  Chapter 67, RSMo, is amended by adding thereto
2  one new section, to be known as section 67.647, to read as
3  follows:
167.647.  1.     The provisions of this section shall be
2  known and may be cited as the "Pay Us Back Act".
32.     As used in this section, the following terms shall
4  mean:
5(1)      "Commissioner", the commissioner of the office of
6  administration;
7(2)      "Football-related public benefits", the sum of:
8(a)      Fifty percent of the total amount of
9  appropriations made to a convention and sports complex fund
10  pursuant to section 67.641, as adjusted for inflation;
11(b)      Fifty percent of the total amount of tax credits
12  issued for the benefit of a sports facility receiving state
13  appropriations pursuant to sections 67.638 to 67.646;
14(c)      The total amount of tax credits issued for the
15  benefit of any practice, training, or other facility owned
16  or utilized by any professional sports team affiliated with
17  or franchised by the National Football League that leases a
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18 sports facility receiving state appropriations pursuant to
19 sections 67.638 to 67.646; and
20(d)    The total amount of any other tax credits or other
21 public benefits awarded to or on behalf of any professional
22 sports team affiliated with or franchised by the National
23 Football League that leases a sports facility receiving
24 state appropriations pursuant to sections 67.638 to 67.646.
253.    By no later than December 31, 2026, the
26 commissioner shall determine and report to the general
27 assembly and the governor the total amount of football-
28 related public benefits received by any professional sports
29 team affiliated with or franchised by the National Football
30 League that leases a sports facility receiving state
31 appropriations pursuant to sections 67.638 to 67.646.     For
32 all calendar years beginning on or after January 1, 2027,
33 and ending on or before December 31, 2031, such professional
34 sports team shall, for the purpose of reimbursing the state
35 for football-related public benefits, annually remit to the
36 department of revenue an amount equal to one-fifth of the
37 total football-related public benefits, as determined by the
38 commissioner, which shall be deposited in the "Sports
39 Facility Remediation Fund", which is hereby established in
40 the state treasury.     The state treasurer shall be custodian
41 of the fund.     In accordance with sections 30.170 and 30.180,
42 the state treasurer may approve disbursements.
43 Notwithstanding the provisions of section 33.080 to the
44 contrary, any moneys remaining in the fund at the end of the
45 biennium shall not revert to the credit of the general
46 revenue fund.     The state treasurer shall invest moneys in
47 the fund in the same manner as other funds are invested.
48 Any interest and moneys earned on such investments shall be
49 credited to the fund.
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504.   Seventy-five percent of the moneys in the sports
51 facility remediation fund shall be used solely for the
52 demolition or conversion of a sports facility that has
53 received appropriations pursuant to sections 67.638 to
54 67.646 in order for such facility to be economically
55 developed and put to another lawful public or commercial
56 use.   The remaining twenty-five percent of the moneys in the
57 sports facility remediation fund shall be appropriated to
58 the department of health and senior services for the
59 purposes of conducting research on the causes and effects of
60 chronic traumatic encephalopathy (CTE).
615.   The total amount of reimbursements received
62 pursuant to this section shall not exceed the total amount
63 of football-related public benefits.
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