SF 704

Introduction - 91st Legislature (2019 - 2020)

Posted on 10/29/2020 11:08 a.m.

A bill for an act
relating to capital investment; appropriating money for Rochester Cascade Lake
Regional Park; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CASCADE LAKE REGIONAL PARK; ROCHESTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,750,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Rochester to predesign,
design, construct, furnish, and equip improvements of a capital nature, including a pavilion,
an amphitheater, performance facilities, picnic shelters, restroom facilities, play areas, park
access, and landscaping. This appropriation is available when the commissioner of
management and budget determines that sufficient resources have been committed to
complete the project from nonstate sources.
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 $2,750,000 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