SF 2433

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/14/2025 09:33 a.m.

A bill for an act
relating to capital investment; appropriating money for the Chanhassen Bluffs
Sports Complex; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CHANHASSEN; CHANHASSEN BLUFFS SPORTS COMPLEX.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $22,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Chanhassen to design, construct, furnish, and equip a regional recreation, community,
and event center, to include two sheets of indoor ice, a walking track, indoor turf, indoor
playground, gathering space, meeting rooms, and other amenities. This appropriation includes
money for the acquisition of real property or interests in real property.
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 $22,000,000 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