Bill

Bill > SF1026


MN SF1026

St. Louis County Heritage and Arts Center bond issuance and appropriation


summary

Introduced
02/06/2025
In Committee
02/06/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for the St. Louis County Heritage and Arts Center; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $8,000,000 in state bond funding for the St. Louis County Heritage and Arts Center (also known as the Depot) located in Duluth, Minnesota. The funding is specifically earmarked for asset preservation and expansion, including predesign, design, construction, and renovation work focused on replacing or improving mechanical, electrical, heating, ventilation, air conditioning systems, and life-safety building elements. Before the state funds can be released, the commissioner of management and budget must verify that at least $5,671,000 has been committed from non-state funding sources. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $8,000,000 to finance the project, following standard state bonding procedures outlined in Minnesota statutes and constitutional provisions. The bill becomes effective immediately after its final enactment, allowing the project to move forward quickly once the non-state funding is secured.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to Capital Investment (on 02/06/2025)

bill text


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