Purpose of the Bill

The purpose of this bill is to provide financial support for capital improvements at the Great Lakes Aquarium in Minnesota. This involves authorizing funds and managing these funds through state-issued bonds.

Main Provisions

• Funds Appropriation: The bill allocates a total of $1,059,000 from the bond proceeds fund. This money is directed to the Lake Superior Center Authority to use for various improvements at the Great Lakes Aquarium.
• Scope of Improvements: The allocation is intended for major renovation and construction projects. This includes the replacement and preservation of mechanical, electrical, and water treatment systems, along with utility system upgrades. The bill also covers life-safety and exterior improvements, including the building's envelope, parking, and grounds.
• Bond Authorization: To fund these improvements, the bill authorizes the sale and issuance of state bonds up to the amount of $1,059,000. The management of these bonds is outlined under specific Minnesota Statutes and sections of the Minnesota Constitution regarding state finance management.

Significant Changes to Existing Law

This bill involves the allocation of new funds through bond sales, which is a typical legislative measure for capital investment projects. However, it does not amend existing laws but utilizes existing statutory frameworks for issuing bonds.

Relevant Terms

• Capital improvements
• Great Lakes Aquarium
• Bond proceeds fund
• State bond issuance
• Life-safety improvements
• Utility systems upgrades