http://thesportseconomist.com/2013/01/17/viking-stadium-money-running-short-of-projections/ __economic thinking about sports__ Sat, 18 May 2013 01:53:21 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://thesportseconomist.com/2013/01/17/viking-stadium-money-running-short-of-projections/comment-page-1/#comment-3319 King Banaian Sat, 19 Jan 2013 03:51:01 +0000 http://thesportseconomist.com/?p=4407#comment-3319 Phil, the bonds let for this project are appropriation bonds. As I understood them from testimony and floor speeches, the final backstop is the general fund. The state must appropriate debt service for the bonds. The revenues from e-tabs and linked bingo are paid into the general fund for the purpose of covering the bonds. If the new revenues fall short, the state is expected to appropriate other general fund revenues for debt service. See the final bill (HF 2958, Article 2, Sec. 1.)

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