Untitled section

610.032 , disclose to the director and the commissioner, or their duly authorized employees, information from reports or returns so that the baseline state tax revenues can be verified.   5.  Any annual expenditure by the state in connection with an athletic and entertainment facility project shall be subject to annual appropriation and shall be no greater than an amount equal to the baseline year state tax revenues for the applicable professional sports franchise's athletic and entertainment facility, as stated in an agreement entered into between the department, the office of administration, and the applicant; provided, however, that:   (1)  The term of state appropriations under any such agreement shall not exceed thirty years;   (2)  The annual amount of the state appropriation authorized under this section for a project shall not exceed an amount equal to the baseline year state tax revenues for the athletic and entertainment facility of the professional sports franchise for any fiscal year;   (3)  The net bond proceeds of any bonds supported by annual expenditures by the state under subsections 2 to 5 of this section for any project shall not exceed fifty percent of the total costs of the project;   (4)  The director and the commissioner are satisfied that there is sufficient public investment made or to be made by units of local government to support infrastructure or other needs generated by the project; and   (5)  For any athletic and entertainment facility project for which funds are expended under this section, if the owners of the applicable professional sports franchise relocate any of the professional sports franchise, athletic and entertainment facility, headquarters, or training facility, and if any such facility is located in the state at the time the application is submitted or is constructed in the state as part of the project, to another state during the term of the agreement entered into under subsections 2 to 5 of this section, it shall be considered a default event, and such owners of the professional sports franchise shall repay to the state general revenue fund:   (a)  The amount of funds expended by the state pursuant to such agreement through the date of the default event;   (b)  The total debt service remaining for any outstanding bonded indebtedness for the project that was to be paid from state revenues under the agreement after the date of the default event through the maturity date of any such bonds or an amount sufficient to pay off any such bonds; and   (c)  The amount of the tax credits issued under subsection 6 of this section.  If, however, the default event occurs within five years of the ending of the term of the lease, then the owners of the professional sports franchise shall be responsible for the total debt service remaining for any outstanding bonded indebtedness for the project that was to be paid from state revenues under the agreement or an amount sufficient to pay off any such bonds, and for no other funds expended by the state under the agreement nor for tax credits issued under subsection 6 of this section.   6.  (1)  For the purposes of funding an athletic and entertainment facility project as described in this section, the board may, in addition to the authority under subsection 6 of section