Purpose of the Bill

The purpose of this bill is to fund the construction of a new playground in Gorman Park, located in the city of St. Peter, Minnesota. It aims to improve the community's recreational facilities by utilizing state funds.

Main Provisions

• Appropriation of Funds: The bill appropriates $1,300,000 from the bond proceeds fund to the Commissioner of Employment and Economic Development. This money is designated as a grant to the city of St. Peter.
• Scope of the Project: The funds will be used to design, engineer, construct, furnish, and equip a playground in Gorman Park. This includes the installation of shade structures, sidewalks, and other related site improvements.

Significant Changes

• Issuance of Bonds: The bill authorizes the state to sell and issue bonds up to $1,300,000 to provide the necessary funding for the project. This is in accordance with specific sections of the Minnesota Statutes and the Minnesota Constitution, which outline the financial management and legal stipulations for state bond sales.

Relevant Terms

• Capital investment
• Gorman Park
• Playground construction
• State bonds
• Appropriation