Purpose of the Bill

This bill aims to support capital investment by funding a specific infrastructure project in Minneapolis. It seeks to complete a segment of the Grand Rounds scenic trail, known as the "Missing Link," thus enhancing recreational and transportation options in the city.

Main Provisions

• Appropriation of Funds: The bill allocates $6,800,000 from the bond proceeds fund. This funding is designated to the Metropolitan Council, which will grant it to the Minneapolis Park and Recreation Board.

• Project Scope: The funds will be used to design and build trail connections and related improvements on the east side of Minneapolis. The project area extends between East River Road and St. Anthony Parkway.

• Bond Sale: To secure the necessary funds, the commissioner of management and budget will be tasked with selling and issuing state bonds up to the specified amount. This will be carried out according to existing Minnesota statutes and constitutional guidelines.

Significant Changes

The bill authorizes the state to issue bonds, thereby increasing state debt to fund public infrastructure specifically for the Grand Rounds Missing Link project, which aims to improve community connectivity and recreation.

Relevant Terms

capital investment, Grand Rounds Missing Link, Minneapolis Park and Recreation Board, Metropolitan Council, bond sale, trail connections, infrastructure improvement, state bonds, public funding.