SF 5438

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/16/2024 09:08am

A bill for an act
relating to capital investment; appropriating money for a school supply distribution
and educator resource center in the city of Roseville; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin ROSEVILLE; SCHOOL SUPPLY DISTRIBUTION AND EDUCATOR
RESOURCE CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Roseville, to acquire property and to predesign, design, construct, renovate, furnish, and
equip a school supply distribution and educator resource center in the city of Roseville to
support underserved students and teachers throughout Minnesota. The city of Roseville may
enter into a lease or management agreement for operation of the center, subject to Minnesota
Statutes, section 16A.695. This appropriation is available after the commissioner of
management and budget determines that $5,000,000 in matching funds has 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 $5,000,000 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