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MN SF1873

MN SF1873
Dassel-Cokato school district community reaction facility bond issuance and appropriation


summary

Introduced
02/27/2025
In Committee
02/27/2025
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 Dassel-Cokato school district community recreation facility; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $5,000,000 state bond appropriation to Independent School District No. 466 in Dassel-Cokato for constructing and equipping a community recreation facility. The facility will include specific amenities such as a walking track, field house, ice rink, gymnastics facility, and community center. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds up to $5,000,000 to fund this project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be sold according to established financial regulations, and the bill becomes effective immediately after its final enactment. By providing these funds, the bill aims to support local infrastructure and recreational opportunities for the Dassel-Cokato community through a comprehensive multi-purpose facility.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/27/2025)

bill text


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