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Bill > SF897


MN SF897

Faribault municipal park development bond issue and appropriation


summary

Introduced
02/03/2025
In Committee
02/03/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for municipal park development in the city of Faribault; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $2,962,000 from state bond proceeds to the city of Faribault for municipal park development in its downtown area. Specifically, the funds will be used to construct and equip multiple park improvements, including an outdoor refrigerated skating loop, a splash pad, trails, sidewalks, landscaping, lighting, street furniture like tables and benches, and parking areas. The Commissioner of Management and Budget is authorized to sell and issue state bonds up to the appropriated amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect immediately after final enactment, enabling the city to proceed with the park development project. This type of legislation is typical of state capital investment bills that provide funding for local infrastructure and community improvement projects.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/03/2025)

bill text


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