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HB 2001 - Expands a State Incentive Program to Lure Chiefs and Royals Away from Missouri - Kansas Key Vote

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Title: Expands a State Incentive Program to Lure Chiefs and Royals Away from Missouri

Signed by Governor Laura Kelly


See How Your Politicians Voted

Title: Expands a State Incentive Program to Lure Chiefs and Royals Away from Missouri

Vote Smart's Synopsis:

Vote to pass a bill that expands a state incentive program to lure Chiefs, Royals away from Missouri and in to Kansas.

Highlights:

  • Authorizes the secretary of commerce of Kansas to enter into agreements with major professional sports franchises to establish STAR bond projects for a major professional sports complex (Sec. 1). 

  • Establishes additional revenue sources (Sec. 1). 

  • Expands the powers and discretion of the secretary of commerce and makes other changes to the STAR bonds financing act to facilitate such projects (Sec. 1). 

  • Limits the secretary of commerce's authority to approve certain projects to one year unless extended by the legislative coordinating council (Sec. 1). 

  • Authorizes the Kansas development finance authority to issue STAR bonds for  projects related to professional sports franchises (Sec. 1). 

  • transfers funds under certain circumstances from the state gaming revenues fund to the attracting professional sports to Kansas fund (Sec. 1).

Full Bill Text

See How Your Politicians Voted

Title: Expands a State Incentive Program to Lure Chiefs and Royals Away from Missouri

Vote Smart's Synopsis:

Vote to pass a bill that expands a state incentive program to lure Chiefs, Royals away from Missouri.

Highlights:

  • Authorizes the secretary of commerce of Kansas to enter into agreements with major professional sports franchises to establish STAR bond projects for a major professional sports complex (Sec. 1). 

  • Establishes additional revenue sources (Sec. 1). 

  • Expands the powers and discretion of the secretary of commerce and makes other changes to the STAR bonds financing act to facilitate such projects (Sec. 1). 

  • Limits the secretary of commerce's authority to approve certain projects to one year unless extended by the legislative coordinating council (Sec. 1). 

  • Authorizes the Kansas development finance authority to issue STAR bonds for  projects related to professional sports franchises (Sec. 1). 

  • transfers funds under certain circumstances from the state gaming revenues fund to the attracting professional sports to Kansas fund (Sec. 1).

Full Bill Text

Title: Expands a State Incentive Program to Lure Chiefs and Royals Away from Missouri

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