Purpose of the Bill

The purpose of this bill is to allocate state funds to renovate Eagle Bend High School in Minnesota. It involves financial planning through the authorization of bond sales.

Main Provisions

• Appropriation of Funds: The bill appropriates $1,500,000 from the bond proceeds fund to the city's commissioner of employment and economic development. This fund aims to support the renovation of Eagle Bend High School.
• Grant for Renovation: Provides a grant to the city of Eagle Bend, augmenting a previous appropriation made in a 2017 legislative session and later amended in 2021.
• Bond Sales Authorization: The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $1,500,000. The terms of these bonds are governed by specific Minnesota Statutes and the Minnesota Constitution.

Significant Changes

This bill builds on previous legislation by securing additional funding for Eagle Bend High School renovations through bond sales. It further develops the financial framework needed for the continued improvement of educational facilities in the area.

Relevant Terms

• Eagle Bend High School
• Appropriation
• Bond proceeds fund
• State bonds
• Capital investment
• Grant
• Renovation