as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 12:00pm
A bill for an act
relating to capital investment; appropriating money for a regional park-and-ride
facility in the city of Rochester; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Rochester to construct and equip a regional park-and-ride parking facility on Broadway
Avenue North. This appropriation is in addition to the appropriation in Laws 2023, chapter
71, article 1, section 10, subdivision 16.
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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 $6,000,000 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.
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This section is effective the day following final enactment.
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