Modifies provisions for convention and sports complex funds, including reimbursements and fund allocations.
Modifies provisions for convention and sports complex funds by establishing a "Sports Facility Remediation Fund" to receive a portion of football-related public benefits. Seventy-five percent of the fund will be used for the demolition or conversion of sports facilities, while the remaining twenty-five percent will be allocated for research on chronic traumatic encephalopathy (CTE). The fund will also receive reimbursements from professional sports teams affiliated with the National Football League for football-related public benefits.
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