Bill
SF 3113
Overview: SF 3113, Event venue capital improvements bond issuance and appropriation, Referred to Capital Investment, Introduced: April 01, 2025Purpose and Intent: This bill aims to
Overview: SF 3113, Event venue capital improvements bond issuance and appropriation, Referred to Capital Investment, Introduced: April 01, 2025
Purpose and Intent: This bill aims to authorize the issuance of state bonds and appropriate funds for capital improvements to event venues across the state. The goal is to enhance the infrastructure and facilities of these venues, which play a crucial role in supporting the state's tourism and entertainment industries.
Key Provisions:
- Authorizes the issuance of $150 million in state general obligation bonds for capital improvements to event venues
- Appropriates the bond proceeds to the Department of Employment and Economic Development (DEED) to provide grants for eligible event venue projects
- Establishes criteria for project eligibility, including minimum seating capacity, economic impact, and matching fund requirements
Affected Parties and Impacts:
- Event venues, such as stadiums, arenas, and convention centers, will be eligible to apply for grants to fund capital improvements
- Local communities and the tourism industry are expected to benefit from the enhanced event venue infrastructure, leading to increased economic activity and job opportunities
Procedural and Timeline Considerations:
- The bill has been referred to the Capital Investment committee for further consideration
- If passed, the bond issuance and appropriation would need to be approved by the state legislature and the governor
Compiled from official sources — confirm details with the bill’s official record.
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