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MINNESOTA STATUTES AND CODES
Section 123B.025 School Sponsorship and Advertising Revenue
123B.025 SCHOOL SPONSORSHIP AND ADVERTISING REVENUE.
Subdivision 1.Board authority; contracts.
A school board may enter into a contract with advertisers, sponsors, or others regarding advertising and naming rights to school facilities under the general charge of the district. A contract authorized under this section must be approved by the school board. The powers granted to a school board under this section are in addition to any other authority the school district may have.
Subd. 2.Authorized agreements.
A school district may enter into a contract to:
(1) lease the naming rights for school facilities, including school buildings, ice arenas, and stadiums;
(2) sell advertising on or in the facilities listed in clause (1); and
(3) otherwise enter into an agreement with a sponsoring agent.
Subd. 3.Revenue uses.
Revenue generated under this section must be used according to a plan specified by the school board.
History:
1Sp2003 c 9 art 2 s 12