SF 2808

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/04/2022 10:03am

A bill for an act
relating to capital investment; appropriating money to renovate and expand the
Graham Park Regional Event Center in Rochester; authorizing the sale and issuance
of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin ROCHESTER; GRAHAM PARK REGIONAL EVENT CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to Olmsted
County to predesign, design, construct, furnish, and equip capital improvements to and
renovation of Graham Park, a regional multiuse park and event center in Olmsted County.
This appropriation may be used for a new multiuse exhibition center, a permanent farmers'
market pavilion, improvements to community park and outdoor events space, and renovations
to other existing facilities and spaces in the park.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $10,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end