HF 2289

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/28/2023 09:55am

A bill for an act
relating to capital investment; appropriating money for capital improvements at
the SandVenture pool facility in the city of Shakopee; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin SHAKOPEE; SANDVENTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Shakopee to construct, renovate, furnish, and equip improvements and betterments of a
capital nature at the SandVenture pool in Lions Park. This appropriation includes money
for improvements to the sand bottom pool; a new changing building; concessions and
community gathering space; and other improvements and amenities that will facilitate
year-round use of the facility by the public. This appropriation is available after the
commissioner of management and budget determines that an amount sufficient to complete
the project has been committed to the project, as required by Minnesota Statutes, section
16A.502.
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 $4,000,000 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