HF 3510

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/26/2024 04:05pm

A bill for an act
relating to capital investment; appropriating money for the Rice Creek Commons
project in Ramsey County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RAMSEY COUNTY; RICE CREEK COMMONS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to Ramsey
County to design and construct a public roadway, currently known as Spine Road and the
future County State-Aid Highway 4, to connect existing County Road H and County Highway
96 through Rice Creek Commons, stormwater management infrastructure, and related public
infrastructure, to support the redevelopment of the former Twin Cities Army Ammunition
Plant (TCAAP) site in Arden Hills.
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 $25,000,000 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