SF2922

SF2922 (Legislative Session 94 (2025-2026))

City of Osseo Sipe Park and other capital improvements bond issuance and appropriation

Related bill: HF3203

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to allocate funds for capital improvements in the city of Osseo, Minnesota. Specifically, it aims to finance the renovation and construction work at Sipe Park, enhance streetscape features along Central Avenue, and improve the Osseo Public Works building.

Main Provisions

The bill allocates $1,600,000 to the commissioner of employment and economic development. These funds are designated for the city of Osseo to be used for:
- Renovating and constructing facilities at Sipe Park.
- Completing streetscape improvements along Central Avenue.
- Renovating and constructing additional capital improvements at the Osseo Public Works building.

Bond Sales Authorization

To secure the necessary funds, the bill authorizes the sale and issuance of state bonds totaling $1,600,000.
The commissioner of management and budget is responsible for overseeing the sale and issuance of these bonds, in accordance with Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, article XI, sections 4 to 7.

Significant Changes to Existing Law

This bill does not make any changes to existing law but rather authorizes new capital investment through bond sales which is a standard process for funding public infrastructure projects in Minnesota.

Relevant Terms

Capital Improvements
Bond Sales
Sipe Park
Streetscape Improvements
Osseo Public Works Building
Minnesota Statutes
City of Osseo

Bill text versions

Introduction PDF file
Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
March 23, 2025	Senate	Floor	Action	Introduction and first reading
March 23, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section refers to the bond sale process to fund appropriations, as governed by Minnesota Statutes.",
      "modified": []
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This statute governs the terms and conditions for the sale and issuance of state bonds.",
      "modified": []
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]