Bill > SF3389

This bill provides a $1,500,000 appropriation from state bond proceeds to the city of Eagle Bend for high school renovation, which is an additional funding allocation to a previous appropriation made in 2017 and amended in 2021. The commissioner of management and budget is authorized to sell and issue state bonds up to $1,500,000 to fund this project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bond sale will follow specific legal guidelines for state bond issuance, including terms and conditions prescribed by state law. The bill's effective date is the day after it receives final legislative enactment, which means the funding and bond authorization will become active immediately after the bill is signed into law. This type of legislative action is common for funding specific local infrastructure and renovation projects through state-issued bonds.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3389&ssn=0&y=2025