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S.F. No. 2062, as introduced - 84th Legislative Session (2005 -2006) Page 4 of 9
<br />6.8 subdivision apply to the licenses authorized under this
<br />6.9 subdivision.
<br />6.10 Subd. 6. [FACILITY OPERATION.] The authority may equip,
<br />6.11 improve, operate, manage, maintain, and control the sports
<br />6.12 facilities constructed, remodeled, or acquired under the
<br />6.13 provisions of this chapter. The authority may delegate any of
<br />6.14 these duties to a qualified third party. The authority must
<br />6.15 seek to promote and maximize the use of the sports facilities
<br />6.16 for nonfootball events.
<br />6.17 Subd. 7. [DISPOSITION OF PROPERTY.] The authority may
<br />6.18 sell, lease, or otherwise dispose of any real or personal
<br />6.19 property acquired by it, which is no longer required for
<br />6.20 accomplishment of its purposes. The property must be sold in
<br />6.21 accordance with the procedures provided by section 469.065,
<br />6.22 except subdivisions 6 and 7.
<br />6.23 Subd. 8. [GIFTS AND GRANTS.] The authority may accept
<br />6.24 donations of money, property, or services; may apply for and
<br />6.25 accept grants or loans of money or other property from the
<br />6.26 United States, the state, any subdivision of the state, or any
<br />6.27 person for any of its purposes; may enter into any agreement
<br />6.28 required in connection therewith; and may hold, use, and dispose
<br />6.29 of the donations according to the terms of the gifts, grant,
<br />6.30 loan, or agreement. In evaluating proposed monetary
<br />6.31 contributions, grants, loans, and agreements required in
<br />6.32 connection therewith, the authority shall examine the possible
<br />6.33 short -range and long -range impact on authority revenues and
<br />6.34 authority operating expenditures. The authority must notify
<br />6.35 potential contributors that contributions qualify for the
<br />6.36 charitable contribution deductions under section 170 of the
<br />7.1 Internal Revenue Code, provided that the contributor does not
<br />7.2 receive substantial direct benefit from the contribution.
<br />7.3 Subd. 9. [ISSUANCE OF BONDS.] The authority may authorize
<br />7.4 the sale and issuance of bonds in the manner and for the
<br />7.5 purposes set out in section 473J.06.
<br />7.6 Subd. 10. [RESEARCH.] The authority may conduct research
<br />7.7 studies and programs; collect and analyze data; prepare reports,
<br />7.8 maps, charts, and tables; and conduct all necessary hearings and
<br />7.9 investigations in connection with its functions.
<br />7.10 Subd. 11. [USE AGREEMENTS.] The authority may lease,
<br />7.11 license, or enter into agreements and may fix, alter, charge,
<br />7.12 and collect rentals, fees, and charges to all persons for the
<br />7.13 use, occupation, and availability of part or all of any
<br />7.14 premises, property, or facilities under its ownership,
<br />7.15 operation, or control for purposes that will provide athletic,
<br />7.16 educational, cultural, commercial, or other entertainment,
<br />7.17 instruction, or activity for citizens of the state of Minnesota
<br />7.18 and visitors. Any use agreement may provide that the other
<br />7.19 contracting party has exclusive use of the premises at the times
<br />7.20 agreed upon, including exclusive use and control for the term of
<br />7.21 its agreement by the Minnesota Vikings.
<br />7.22 Subd. 12. [INSURANCE.] The authority may require any
<br />7.23 employee to obtain and file with it an individual bond or
<br />7.24 fidelity insurance policy. It may procure insurance in the
<br />7.25 amounts it considers necessary against liability of the
<br />7.26 authority or its officers and employees for personal injury or
<br />7.27 death and property damage or destruction, with the force and
<br />7.28 effect stated in chapter 466, and against risks of damage to or
<br />7.29 destruction of any of its facilities, equipment, or other
<br />7.30 property.
<br />7.31 Subd. 13. [CREATING A CONDOMINIUM.] The authority may, by
<br />7.32 itself or together with any other entity, as to real or personal
<br />7.33 property comprising or appurtenant or ancillary to the stadium
<br />7.34 constructed and operated under this chapter or other law, act as
<br />7.35 a declarant and establish a condominium or leasehold condominium
<br />http: / /www. revisor. leg.state.mn.us /bin/bldbill.php ?bill= S2062.0 &session =ls84 12/6/2005
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