as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 04:39pm
A bill for an act
relating to capital investment; appropriating money to construct facilities at Graham
Park in Olmsted County; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$12,451,000 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 enhanced park facilities and
amenities within Graham Park, to support outdoor performances and other community
events, including an event street, a pavilion, and capital improvements necessary for the
reuse of historic structures on the property.
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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 $12,451,000 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.
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This section is effective the day following final enactment.
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