Bill > HF1616

This bill provides $12,750,000 in state bond funding for the city of North Mankato to develop an indoor recreational facility at the Caswell Regional Sporting Complex. The bill authorizes the commissioner of management and budget to sell and issue state bonds to cover the project's costs, following the standard procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution. The funding will be used to predesign, design, construct, furnish, and equip the recreational facility, with the appropriation coming directly from the state bond proceeds fund. The bill becomes effective immediately after its final enactment, enabling the city to move forward with the indoor recreational facility project. This type of legislation is common in state governments, where the legislature approves specific capital investment projects and provides the necessary funding through bond issuance.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1616&ssn=0&y=2025