SF 696

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 10:08am

A bill for an act
relating to capital investment; appropriating money for Heritage Village Park in
Inver Grove Heights; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HERITAGE VILLAGE PARK IMPROVEMENTS; INVER GROVE
HEIGHTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Inver Grove Heights to predesign, design, construct, furnish, and equip an inclusive accessible
play structure for children and to predesign, design, construct, furnish, and equip accessible
restrooms, water fountains, and a fixed-shade structure, at Heritage Village Park in the city
of Inver Grove Heights. This appropriation is available when the commissioner of
management and budget determines that sufficient resources have been committed to
complete the project, as required by Minnesota Statutes, section 16A.502.
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 $2,000,000 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