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MN SF1451

St. Joseph community center bond issue and appropriation


summary

Introduced
02/17/2025
In Committee
02/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for a community center in the city of St. Joseph; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $10 million in state bond proceeds to fund the construction of a new community center in the city of St. Joseph, Minnesota. The bill directs the commissioner of employment and economic development to use the funds for the community center project, and authorizes the commissioner of management and budget to sell and issue state bonds to finance the appropriation. The bonds will be sold according to existing state statutes governing bond issuance (Minnesota Statutes, sections 16A.631 to 16A.675) and in compliance with the Minnesota Constitution's provisions on state bonding. The bill specifies that the appropriation and bond authorization will take effect immediately after final enactment, providing a straightforward mechanism for funding this local infrastructure project through state-issued bonds.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/17/2025)

bill text


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