Informing the Legislature that on June 24, 2026, the Governor signed the following bill into law: SB2074 SD1 HD3 CD1 (ACT 125).

2026 Regular Session

The stadium authority can lease naming rights and run ads inside state stadiums, with all related revenues deposited into the Stadium Development Special Fund.

Received.

#act125

Summary of SB2074 CD1 (Act 125) as Enacted

Purpose and intent

The bill, now law, relates to the operation, financing, and development of state facilities, with a focus on stadium facilities.

It authorizes certain financial and branding arrangements for stadium facilities and clarifies applicability of Chapter 102 to concessions.

Key provisions and changes

Applicability (Chapter 102)

Adds an exception: Chapter 102 does not apply to concessions within the stadium facility that are under the jurisdiction of the stadium authority.

Stadium facility naming rights, marketing, and advertising (Chapter 109)

The stadium authority is authorized to lease naming rights for the stadium facility or portions thereof to public or private entities.
Revenues from advertising or marketing inside the stadium facility (including those from naming rights under subsection (a)) must be deposited into the Stadium Development Special Fund (as defined in §109-3.5).

Stadium Development Special Fund (amendments to §109-3.5)

The fund shall receive: 1) All revenues from the stadium development district, including:
- Leases or rentals of facilities or land
- Advertising/marketing revenues (including those from naming rights)
- Concessions
- Food and beverage service
- Parking facilities
- Sponsorships and utilities, infrastructure, and development 2) All gifts or grants from public or other sources designated for the stadium development district 3) All proceeds from revenue bonds issued for stadium development purposes 4) Legislative appropriations to the fund

Where the bill applies

Applies to state stadium facilities, and specifically allows the stadium authority to engage in naming rights and advertising activities as described.

Revenues from these activities are funneled into the Stadium Development Special Fund for use in a broad set of stadium-related revenues and development activities.

Who is affected

Stadium Authority: Granted authority to lease naming rights and manage advertising/marketing agreements.

State Stadium Facilities: Potential revenue streams from naming rights, advertising, concessions, food/beverage service, parking, sponsorships, and related infrastructure developments.

Stadium Development Special Fund: Receives a wider array of revenue sources and appropriations to fund stadium development activities.

Procedural and timeline details

Enactment: Effective July 1, 2026.

Legislative history: Passed both chambers in May 2026; signed by the Governor and formally transmitted in June 2026 (Act 125).

Official communications: The bill’s enactment was accompanied by a formal Governor’s letter informing Senate President and House Speaker of the signing date.

Notable formal changes

Statutory language was amended and new sections added to establish the stadium development fund and to authorize branding/revenue activities within stadium facilities.

The act explicitly brackets and repeals certain prior material and substitutes new language (as per standard formatting for enacted measures).

If you’d like, I can provide a plain-language impact table (e.g., “Who benefits,” “Potential costs,” “Risks/concerns”) or compare these provisions to prior law for context.