HF 4711

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/02/2024 01:14pm

A bill for an act
relating to capital investment; appropriating money for improvements to The Marsh
in the city of Minnetonka; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNETONKA; THE MARSH.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Minnetonka to acquire property and to predesign, design, construct, and equip
improvements at The Marsh. This appropriation includes money for improvements necessary
to renovate the facility, including interior construction with ADA accessibility upgrades,
energy efficient mechanical systems, and safety design for users of the facility. This
appropriation also includes money for exterior improvements including structural repairs
and for natural resource site improvements to protect and enhance the environment.
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 $15,000,000 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