Purpose of the Bill

The purpose of this bill is to allocate funds and authorize the sale of state bonds for the development of a new playground in Gorman Park, located in the city of St. Peter, Minnesota.

Main Provisions

• Appropriation of Funds: The bill proposes an appropriation of $1,300,000 from the bond proceeds fund. This amount is designated for the planning, design, construction, furnishing, and equipping of a new playground in Gorman Park. The project will also include the installation of shade structures, sidewalks, and other necessary site improvements.

• Bond Sale Authorization: To fund this project, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1,300,000. The sale and issuance will be conducted according to the specific provisions of Minnesota’s statutes and constitution that govern state bond sales.

Significant Changes

The bill introduces the additional development of a playground and related infrastructure at Gorman Park. It does not amend existing laws but rather provides a new appropriation and bond sale authorization to fund this specific capital investment project.

Relevant Terms

state bonds, playground, Gorman Park, capital investment, appropriation, bond proceeds fund, St. Peter, Minnesota