HF 208

as introduced - 94th Legislature (2025 - 2026) Posted on 02/10/2025 03:09pm

A bill for an act
relating to capital investment; appropriating money for the Minnesota Latino
Museum; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. PAUL; MINNESOTA LATINO MUSEUM.
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 St. Paul to the Minnesota Latino Museum to acquire property for, and to design, construct,
furnish, and equip, the Minnesota Latino Museum at 85 West Water Street on Harriet Island.
The city may enter into a lease or management agreement for operation of the museum,
subject to Minnesota Statutes, section 16A.695.
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