Authorizes up to two percent of mobile sports tax revenue be used for youth team sports funding

The specific requirement for funding to be distributed by 'Laureus Sport for Good Foundation USA' was removed and replaced with language allowing distribution by any not-for-profit organization with an established history of making grants to improve the lives of youth in underserved communities through sports.

The bill identifier was updated from 'S. 5640--B' to 'S. 5640--C' to indicate the bill has been amended and reprinted.

The document tracking number was updated from 'LBD09670-05-5' to 'LBD09670-07-5'.

The bill's effective date was changed from April 1st to immediate effect.

The authorization for youth sports funding was updated to allow up to two percent of mobile sports tax revenue, replacing a previous fixed one-percent allocation.

Specific funding amounts were adjusted to provide $12 million annually through fiscal year 2026, with a new provision allowing up to $20 million in subsequent years based on available tax revenue.

Four new sponsors (Cleare, Comrie, Fernandez, Gounardes, Jackson) were added to the list of bill authors.

Funding for problem gambling education and treatment was removed entirely from the bill.

Funding for youth sports education and general programming was removed, leaving only youth team sports funding.

The minimum annual funding amount was increased from $11 million to $20 million.

The revenue rate was changed from one percent to two percent of mobile sports tax revenue.

New requirements were added to split funding equally between capital expenditures (equipment) and programming.

Reporting requirements were updated to require a report on recipients and impact within six months of the grant period instead of annually by December 1.