AB438,,127127(2) Nonrelocation agreement. The district has entered into a nonrelocation agreement with the professional baseball team that, except as required by the league of professional baseball teams of which the team is a member, requires the professional baseball team to play all of its home games at the baseball park facilities and prohibits the professional baseball team from relocating until expiration or termination of the lease according to its terms.
AB438,,128128(3) Third-party negotiator. The district has contracted with a 3rd party approved by a two-thirds vote of all current members appointed to the board and eligible to vote on the matter to represent the district in connection with negotiation of the lease and nonrelocation agreements under this section.
AB438,45129Section 45. 229.6805 of the statutes is created to read:
AB438,,130130229.6805 Facility management. During the term of any lease between the district and a professional baseball team with respect to baseball park facilities, the district shall, at the district’s expense, contract with a facility management company or employ an executive director with expertise in managing and operating professional sports facilities and venues similar to the baseball park facilities. The contract shall require the facility management company or executive director to have primary responsibility to manage and supervise the development, construction, improvement, repair, and maintenance of the baseball park facilities.
AB438,46131Section 46. 229.682 (1) of the statutes is amended to read:
AB438,,132132229.682 (1) Gifts and donations. The district board shall explore and consider ways to solicit and encourage gifts and donations for the development, construction, improvement, repair, and maintenance of baseball park facilities and, to the extent feasible, implement means to solicit such gifts and donations.
AB438,47133Section 47. 229.682 (3) of the statutes is repealed.
AB438,48134Section 48. 229.682 (4) of the statutes is amended to read:
AB438,,135135229.682 (4) Special ticket provisions. A major league professional baseball team that uses as its home field baseball park facilities that are developed, constructed, improved, repaired, or maintained under this subchapter shall annually designate, for each county that is in the district’s jurisdiction, at least one of the team’s home games in each of April, May, June, July, August, and September as a discount ticket day for that county, for which residents of that county the state may purchase discounted admission tickets.
AB438,49136Section 49. 229.682 (7) of the statutes is amended to read:
AB438,,137137229.682 (7) Youth sports organizations. A major league professional baseball team that uses as its home field baseball park facilities that are developed, constructed, improved, repaired, or maintained under this subchapter shall make an annual contribution of at least $20,000 $40,000 to youth sports organizations in this state for the purchase of equipment or the rental or maintenance of athletic facilities that are used by such organizations. The contributions that are required under this subsection may be made in cash or equipment.
AB438,50138Section 50. 229.682 (9) of the statutes is created to read:
AB438,,139139229.682 (9) Capital spending limitations. After 2045, the district may not initiate any capital project that has an expected life span that exceeds the remaining term of the lease arrangement with a professional baseball team with respect to the district’s baseball park facilities. This subsection does not restrict any of the following capital spending:
AB438,,140140(a) An amount that does not exceed the amount of the professional baseball team’s deposits under s. 229.6802 (1) (b) and (c) after 2045 into the baseball park facilities improvement segregated fund under s. 229.687.
AB438,,141141(b) For purposes related to maintaining the safety of the baseball park facilities or the improvement, repair, maintenance, or replacement of the components and systems necessary to operate the baseball park facilities or to comply with applicable law, insurance requirements, or standards imposed by the professional baseball league of which the professional baseball team is a member.
AB438,51142Section 51. 229.682 (10) of the statutes is created to read:
AB438,,143143229.682 (10) Borrowing limitations. After the effective date of this subsection ..... [LRB inserts date], the district may not borrow moneys except as provided under s. 229.68 (8m).
AB438,52144Section 52. 229.682 (11) of the statutes is created to read:
AB438,,145145229.682 (11) Bonding limitations. Except as provided in s. 229.68 (8), the district may not issue bonds.
AB438,53146Section 53. 229.685 (1) of the statutes is amended to read:
AB438,,147147229.685 (1) The district board shall maintain a special fund into which it deposits only the revenue received from the department of revenue, that is derived from the taxes imposed under subch. V of ch. 77, 2021 stats., and may use this revenue only for purposes related to baseball park facilities.
AB438,54148Section 54. 229.685 (3) of the statutes is created to read:
AB438,,149149229.685 (3) Annually, the district board shall transfer from a fund funded under sub. (2) to the baseball park facilities improvement segregated fund under s. 229.687 not less than all of the following amounts:
AB438,,150150(a) Through 2039, $2,200,000.
AB438,,151151(b) The amount deposited under s. 20.395 (5) (ij).
AB438,55152Section 55. 229.687 of the statutes is created to read:
AB438,,153153229.687 Baseball park facilities improvement segregated fund. (1) The district shall establish and maintain a baseball park facilities improvement segregated fund. The fund shall consist of all of the following:
AB438,,154154(a) Moneys borrowed or accepted and deposited under s. 229.68 (8m).
AB438,,155155(b) Moneys transferred from other district funds under s. 229.685 (3).