Minneslate Logo

SF2799 (Legislative Session 94 (2025-2026))

Ramsey County Aldrich Arena improvements bond issuance and appropriation

Related bill: HF2455

AI Generated Summary

Purpose of the Bill

The bill aims to allocate funds for the renovation and improvement of Aldrich Arena in Ramsey County, Minnesota. The upgrades are intended to enhance the arena's capacity to serve as both a regional and statewide event center.

Main Provisions

  • Funding Allocation: The bill proposes an appropriation of $6.5 million from the bond proceeds fund to finance the project.
  • Intended Improvements: The funds are designated for the predesign, design, and construction of necessary facility and site improvements at Aldrich Arena.
  • Bond Issuance: To raise the allocated funds, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6.5 million. The sale and issuance of these bonds will follow the procedures outlined in Minnesota state laws and the state constitution.

Significant Changes

  • The bill does not directly amend existing laws but involves the financial investment through state-issued bonds to support the renovation of a significant public facility.

Relevant Terms

  • Capital Investment
  • Aldrich Arena
  • Ramsey County
  • State Bonds
  • Event Center Renovation

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 19, 2025SenateFloorActionIntroduction and first reading
March 19, 2025SenateFloorActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill references the procedures for the sale and issuance of state bonds under sections 16A.631 to 16A.675.",
      "modified": []
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill references the procedures for the sale and issuance of state bonds under sections 16A.631 to 16A.675.",
      "modified": []
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

Sponsors