Bill > SF961

This bill provides a $10,000,000 state bond appropriation for the Minnesota Latino Museum in St. Paul, specifically to support acquiring property, designing, constructing, furnishing, and equipping a new museum located at 85 West Water Street on Harriet Island. The bill authorizes the commissioner of management and budget to sell and issue state bonds to fund the project, following standard state bonding procedures outlined in Minnesota Statutes. The city of St. Paul is permitted to enter into a lease or management agreement for museum operations, subject to existing state regulations. The funding mechanism involves selling state bonds, which are essentially loans that the state will repay over time, typically used to finance significant capital investment projects. The bill becomes effective immediately after its final enactment, providing immediate financial support for establishing this cultural institution dedicated to preserving and showcasing Latino history and contributions in Minnesota.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0961&ssn=0&y=2025