SF3258 (Legislative Session 94 (2025-2026))
Mississippi River Learning Center in St. Paul bond issue and appropriation
Related bill: HF3153
AI Generated Summary
Purpose of the Bill
This bill is intended to support the Mississippi River Learning Center project in St. Paul, Minnesota. It aims to allocate financial resources for the development of facilities and infrastructure related to this project.
Main Provisions
Appropriation of Funds: The bill specifies that $10 million will be allocated from the bond proceeds fund to the Metropolitan Council. This grant will be used by the City of St. Paul for constructing, furnishing, and equipping marina buildings and making site improvements at Crosby Farm Regional Park.
Project Execution: The project will involve site preparation, constructing trails, providing vehicular access, and incorporating marina amenities, all as part of the Mississippi River Learning Center initiative.
Bond Issuance: To finance these activities, the commissioner of management and budget is authorized to sell and issue state bonds amounting up to $10 million. The issuance of these bonds will adhere to the provisions of the Minnesota Statutes and the state constitution.
Significant Changes
- The funding provided by this bill is in addition to previous appropriations specified in prior laws (Laws 2023, chapter 72, article 1, section 17, subdivision 5).
Relevant Terms
- Capital Investment
- State Bonds
- Mississippi River Learning Center
- Metropolitan Council
- Crosby Farm Regional Park
- Site Improvements
- Minnesota Statutes
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
April 02, 2025 | Senate | Floor | Action | Introduction and first reading | |
April 02, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[ { "analysis": { "added": [], "removed": [], "summary": "This section involves the requirements and conditions applicable to state bond-funded projects.", "modified": [] }, "citation": "16A.695", "subdivision": "" }, { "analysis": { "added": [], "removed": [], "summary": "Sections 16A.631 to 16A.675 cover the procedures for the issuance and sale of state general obligation bonds.", "modified": [] }, "citation": "16A.631 to 16A.675", "subdivision": "" } ]