HF 380

as introduced - 94th Legislature (2025 - 2026) Posted on 02/13/2025 02:42pm

A bill for an act
relating to capital investment; appropriating money for riverfront public realm and
redevelopment in the city of Rochester; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin ROCHESTER; RIVERFRONT REDEVELOPMENT AND PUBLIC
REALM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Rochester for predesign of public realm improvements, including trail improvements, tree
planting, public wayfinding, public amenities, and related infrastructure for the reuse of
properties in the city of Rochester near the Government Center and Zumbro River area
envisioned by the Rochester Riverfront Area Wide Plan.
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 $1,000,000 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