Illinois HB4152, the Stadium Transparency and Responsible Spending Act, mandates transparency and accountability in agreements between state or local.
HB4152, the Stadium Transparency and Responsible Spending Act, requires state or local authorities to post full stadium agreements online for 30 days before entering into, amending, or renewing them. The agreements must involve subsidies, tax abatements, or financial incentives for professional sports stadiums costing over $25 million. The Commission on Government Forecasting and Accountability must prepare a cost-benefit analysis report, funded by the franchise, and post it online 30 days before the agreement is executed.
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- Legal Framework
- Critical Issues
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