Establishes the "Missouri Entertainment Facility - Capital Assistance Program"

HB 1560 creates Missouri's "Missouri Entertainment Facility - Capital Assistance Program" (MEF-CAP) to provide state financial support for large-scale sports and entertainment venues. The program targets projects meeting strict criteria: $250 million+ in total costs, 20,000+ seating capacity, 33% private funding, local government commitment (10% funding or support resolution), and verified economic impact through an independent study. Eligible projects can receive state assistance covering up to 50% of tax revenue from new development, 50% of withholding taxes from new jobs, or 25% as matching grants. Crucially, professional sports franchises (like NFL or NBA teams) must commit to a 25-year lease in Missouri and repay all state funds if they relocate during that period. The program requires annual reporting and repayment if eligibility conditions are violated or false claims are made.