SF 2954

as introduced - 90th Legislature (2017 - 2018) Posted on 08/24/2018 08:06am

A bill for an act
relating to capital investment; appropriating money for the Minnesota Zoo;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA ZOO.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $34,750,000 is appropriated from the bond proceeds
fund to the Minnesota Zoological Garden Board for the purposes of subdivisions 2 and 3.
new text end

new text begin Subd. 2. new text end

new text begin Asset preservation. new text end

new text begin $13,750,000 of this appropriation is for capital asset
preservation improvements and betterments to infrastructure and exhibits at the Minnesota
Zoo, to be spent in accordance with Minnesota Statutes, section 16B.307. Notwithstanding
the specified uses of money under Minnesota Statutes, section 16B.307, the board may use
this appropriation to replace buildings that are in poor condition, outdated, and no longer
support the work of the Minnesota Zoo and to construct and renovate trails and roads on
the Minnesota Zoo site.
new text end

new text begin Subd. 3. new text end

new text begin Revitalize the zoo. new text end

new text begin $21,000,000 of this appropriation is to design, renovate,
construct, furnish, and equip Minnesota Zoo facilities to repurpose the closed monorail and
portion of the Tropics Trail; to increase transportation, accessibility, and guest amenities;
and to construct a new meerkat exhibit.
new text end

new text begin Subd. 4. 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 $34,750,000 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