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HF2985 (Legislative Session 94 (2025-2026))

Roseville; Guidant John Rose Minnesota OVAL capital improvements funding provided, bonds issued, and money appropriated.

AI Generated Summary

Purpose of the Bill

The bill aims to allocate funds for capital improvements to the Guidant John Rose Minnesota OVAL in Roseville, Minnesota. The project involves updating and enhancing the facilities at this recreational sports venue.

Main Provisions

  • Appropriation of Funds: The bill allocates $1,125,000 from the bond proceeds fund to the commissioner of employment and economic development. This amount is designated for a grant to the City of Roseville specifically for the renovation work.

  • Renovation Details: The renovation project includes predesign, design, construction, furnishing, and equipping the OVAL. It also covers improvements to the main building, building systems, and support facilities.

  • Bond Sale Authorization: The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,125,000. The bond sale will follow the terms prescribed by Minnesota statutes and constitutional guidelines related to state bonds.

Significant Changes

  • Funding Mechanism: By permitting the sale of state bonds, the bill secures necessary funding for the improvement of public facilities, leveraging long-term state financial mechanisms to support local infrastructure development.

Relevant Terms

  • Guidant John Rose Minnesota OVAL
  • State bonds
  • Capital improvements
  • Roseville
  • Employment and economic development
  • Renovation

Bill text versions

Past committee meetings

Actions

DateChamberWhereTypeNameCommittee Name
March 31, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization for bonds specifically for the Roseville Guidant John Rose Minnesota OVAL project."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill authorizes the sale and issuance of state bonds under sections 16A.631 to 16A.675 to fund capital improvements.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Reference for guidance on the constitutional limitations and rules for state debt."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill refers to constitutional provisions governing state debt and bonding as outlined in article XI, sections 4 to 7.",
      "modified": [
        ""
      ]
    },
    "citation": "Minnesota Constitution article XI sections 4 to 7",
    "subdivision": ""
  }
]

Sponsors