HF 1367

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/22/2021 02:29pm

A bill for an act
relating to capital investment; appropriating money for a YMCA facility in St.
Paul; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. PAUL; DOWNTOWN YMCA.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of St. Paul to predesign, design, construct, renovate, furnish, and equip a new YMCA
community hub in downtown St. Paul. The new facility shall provide innovative health and
wellness programming for adults, youth, and families with a focus on holistic health, lifelong
fitness, youth development, and social responsibility. This appropriation is not available
until the commissioner of management and budget determines that $10,000,000 has been
committed to complete the project from nonstate sources.
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 $10,000,000 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