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1997 SESSION

977332264
HOUSE BILL NO. 2002
Offered January 13, 1997
A BILL to amend and reenact § 15.1-1688 of the Code of Virginia, relating to the Hampton Roads Sports Facility Authority.
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Patron-- Hamilton
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Referred to Committee on Counties, Cities and Towns
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Be it enacted by the General Assembly of Virginia:

1. That § 15.1-1688 of the Code of Virginia is amended and reenacted as follows:

§ 15.1-1688. Definitions.

As used in this chapter the following words have the meanings indicated:

"Authority" means the Hampton Roads Sports Facility Authority.

"Facility" means (i) stadium or arena for major league professional sports teams, except major league baseball, (ii) practice fields or other areas where sports teams may practice or perform, (iii) offices for sports teams or franchises, (iv) office, restaurant, concessions, retail and lodging facilities which are owned and operated in connection with a sports stadium or other structure, (v) a motor sports speedway, and (v)(vi) any other directly related properties including, but not limited to, onsite and offsite parking lots, garages, and other properties.

"Motor sports speedway" means an oval asphalt or concrete surface constructed for the purpose of conducting motor sports activities including, but not limited to, NASCAR racing events.

"Sports franchise" means the contractual right granted to any person or persons to own or operate a sports team in a specified location.

"Sales tax revenues" means taxes collected under the Virginia Retail Sales and Use Tax Act (§ 58.1-600 et seq.), as limited herein. Sales tax revenues shall not include any local general retail sales and use tax levied pursuant to §§ 58.1-605 and 58.1-606.

"Stadium" means a stadium or arena constructed for the purpose of the conduct of games by a team which is a part of the National Basketball Association or the National Hockey League.