HF 4347

as introduced - 90th Legislature (2017 - 2018) Posted on 04/12/2018 02:27pm

A bill for an act
relating to capital investment; appropriating money to renovate and expand the
Graham Park Regional Event Center in 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 GRAHAM PARK REGIONAL EVENT CENTER; ROCHESTER.
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 Olmsted
County to predesign, design, construct, furnish, and equip renovations and enhancements
of Graham Park, a regional multiuse park and event center in Olmsted County. This
appropriation may be used for a new multipurpose expo facility and renovations to existing
facilities and spaces in Graham Park.
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