SF 259

Introduction - 94th Legislature (2025 - 2026)

Posted on 01/29/2025 04:32 p.m.

A bill for an act
relating to capital investment; appropriating money for two community hubs in
the city of Hopkins; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HOPKINS; COMMUNITY HUBS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Hopkins to predesign, design, construct, furnish, and equip two buildings to be located
in Oakes Park off of Blake Road and Lake Street, and in Valley Park in South Hopkins, to
be used as community hubs for recreational, educational, civic, and other public purposes.
Additionally, the buildings will provide safe shelter for residents during times of extreme
weather, power outages, and other emergency events.
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 $10,000,000 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