SF 2414

as introduced - 94th Legislature (2025 - 2026) Posted on 03/14/2025 09:25am

A bill for an act
relating to capital investment; appropriating money for capital improvements to
Heritage Village Park in the city of 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 INVER GROVE HEIGHTS; HERITAGE VILLAGE PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 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 design, construct, furnish, and equip improvements and betterments
of a capital nature to Heritage Village Park in the city of Inver Grove Heights. This
appropriation includes money for an amphitheater, open-air picnic shelter or shelters,
restroom building with storage, a parking lot expansion, landscaping, and related park
furnishings and amenities.
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 $3,000,000 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