SF 3702

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2024 03:40pm

A bill for an act
relating to capital investment; appropriating money for capital improvements to a
former YWCA facility in the city of Minneapolis; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin HENNEPIN COUNTY; FORMER YWCA FACILITY.
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 administration for a grant to Hennepin County to design, renovate,
furnish, and equip the property located at 1130 Nicollet Mall in the city of Minneapolis,
subject to Minnesota Statutes, section 16A.695. The facility must be used to promote the
public welfare by providing early childhood education, children's mental health and pediatric
therapy services, and support services that stabilize families, build skills, increase
independence, and improve the educational and health outcomes of Minnesotans. This
appropriation is available until the project is completed or abandoned, subject to Minnesota
Statutes, section 16A.642.
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