Sec. 221. Definitions
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In this subtitle: The term covered means a grant made under section 223 to an eligible entity. grant The term Fund means the Save Minor League Sports Fund established under section 222(a)(1). The term eligible entity means any minor league sports team that meets the following requirements: The minor league sports team was operating in the ordinary course of business on February 29, 2020. The gross receipts of the minor league sports team— in calendar year 2020 or the fiscal year ending in 2021 was not more than 50 percent of the gross receipts of the minor league sports team in calendar year 2019 or the fiscal year ending in 2019, respectively; or in calendar year 2020 or the fiscal year ending in 2021 was not more than 50 percent of the gross receipts of the minor league sports team over the 3-year period from calendar year 2016 through calendar 2018 or the fiscal year ending in 2016 through the fiscal year ending in 2018, respectively, if the gross receipts of the minor league sports team was negatively impacted by a natural disaster or weather disruption in calendar year 2019 or the fiscal year ending in 2019.
The minor league sports team is open on, or intends to reopen on or before the date that is 180 days after, the date on which the minor league sports team submits the certification required under section 223(b)(1), for the primary purpose of conducting sports games. The term eligible entity does not include a minor league sports team that— has a pending application for or has received a grant under— section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( 15 U.S.C. 9009a ); or section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ); is owned directly or indirectly by a major league sports league or major league sports team; has an individual owner with— not less than a 20 percent share in the team; and more than a 10 percent ownership interest in a major league sports league or major league sports team; is more than 50 percent owned by a private equity fund; or is more than 50 percent owned by a publicly-traded company.
The Administrator shall treat each eligible entity as an independent, non-affiliated entity for the purposes of this subtitle. The term minor league sports team means a professional sports team— that may be— a corporation, limited liability company, partnership, or nonprofit organization; operated as a sole proprietorship; or a Tribally-owned concern; that, as of the date of enactment of this Act— is located in the United States; is not owned directly or indirectly by an educational institution; derives income primarily from the presence of in-person spectators; is not— a recreational, intramural, club, or other type of amateur sports team; or a training academy open to athletes under 18 years of age; does not require players to pay a fee to participate; and either has a formal relationship with a major league sports team or major league sports league to develop players to compete in a major league sports league, or competes in a sports league from which a major league sports team or major league sports league scouts for prospective players; and comprised of players paid a salary to play in the games of the team as of— the date of enactment of this Act; or February 29, 2020.
The term major league sports league means a professional sports league consisting of teams competing at the highest professional level of a given sport in the United States, as determined by the Administrator. The term major league sports team means a team that competes in a major league sports league. The term natural disaster or weather disruption means— a flooding event, hurricane, earthquake, forest fire, or other disaster that triggers eligibility for Federal aid, including disaster assistance from the Administrator; or a series of weather-related events that, individually or collectively, caused more than 20 percent of games to be permanently canceled.
The term pandemic-related revenue loss , with respect to an eligible entity, as established using such verification documentation as the Administrator may require, means, if such amount is greater than zero— except as provided in clauses (ii), (iii), and (iv), the gross receipts of the eligible entity during calendar year 2020 or the fiscal year ending in 2021 subtracted from the gross receipts of the eligible entity in calendar year 2019 or the fiscal year ending in 2019, respectively; the gross receipts of the eligible entity during calendar year 2020 or the fiscal year ending in 2021 subtracted from the average annual gross receipts of the eligible entity over the 3-year period from calendar year 2016 through calendar year 2018 or the fiscal year ending in 2016 through the fiscal year ending in 2018, respectively, if the gross receipts of the eligible entity were negatively impacted by a natural disaster or weather disruption in calendar year 2019 or the fiscal year ending in 2019; if the eligible entity was not in operation for the entirety of 2019— the difference between— the product obtained by multiplying the average monthly gross receipts of the eligible entity in calendar year 2019 or the fiscal year ending in 2019 by 12; and the product obtained by multiplying the average monthly gross receipts of the eligible entity in calendar year 2020 or the fiscal year ending in 2021 by 12; or an amount based on a formula determined by the Administrator; or if the eligible entity opened during the period beginning on January 1, 2020, and ending on February 29, 2020— the expenses described in section 223(f) that were incurred by the eligible entity minus any gross receipts received; or an amount based on a formula determined by the Administrator.
For purposes of this paragraph, the pandemic-related revenue loss for an eligible entity shall be reduced by any amounts received from a covered loan made under paragraph
(36)or
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) in 2020 or 2021.
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