PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2675
(i) such facility is a stadium or sports arena for Memphis, Tennessee, (ii) there was an inducement resolution adopted on November 12, 1985, for the issuance of bonds to expand or renovate an existing stadium and sports arena and/ or to construct a new arena, and (iii) the city council for such city adopted a resolution on April 19, 1983, to include funds in the capital budget • sff? of the city for such facility or facilities. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $35,000,000. (E) A facility is described in this subparagraph if such facility is a baseball stadium located in Bergen, Essex, Union, Middlesex, or Hudson County, New Jersey with respect to which governmental action occurred on November 7, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $150,000,000. 11 (F) A facility is described in this subparagraph if— (i) it is a facility with respect to which— (I) an inducement resolution dated December 24, 1985, was adopted by the county industrial development authority, (II) a public hearing of the county industrial development authority was held on February 6, 1986, regarding such facility, and (III) a contract was entered into by the county, dated February 19, 1986, for engineering services for a highway improvement in connection with such project, or
- • (ii) it is a domed football stadium adjacent to Cervantes Convention Center in St. Louis, Missouri, with respect to which a proposal to evaluate market demand,
financial operations, and economic impact was dated May 9, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $175,000,000. (G) A project to provide a roof or dome for an existing sports facility is described in this subparagraph if— (i) in December 1984 the county sports complex authority filed a carryforward election under section 'iP-(i 103(n) of the 1954 Code with respect to such project, (ii) in January 1985, the State authorized issuance of $30,000,000 in bonds in the next 3 years for such project, and (iii) an 11-member task force was appointed by the county executive in June 1985, to further study the feasibility of the project. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $30,000,000. vU (H) A sports facility renovation or expansion project is described in this subparagraph if— •4C' (i) an amendment to the sports team's lease agreement for such facility was entered into on May 23, 1985, and (ii) the lease agreement had previously been amended in January 1976, on July 6, 1984, on April 1, 1985, and on May 7, 1985.
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