Purpose of the Bill

The bill aims to renovate Eagle Bend High School by securing necessary funding through state resources. This project is intended to improve educational facilities in the city of Eagle Bend.

Main Provisions

• Funding Allocation: The bill proposes to allocate $1,500,000 from the bond proceeds fund for the renovation of Eagle Bend High School. This funding is in addition to previous appropriations set forth in past legislative sessions (2017 and 2021).

• Grant Administration: The commissioner of employment and economic development is responsible for administering the grant to the city of Eagle Bend for this renovation project.

Significant Changes

• Bond Issuance: To finance this renovation, the bill authorizes the sale and issuance of state bonds up to $1,500,000. The management and control of these funds will be overseen by the commissioner of management and budget, following existing state guidelines and the Minnesota Constitution.

Relevant Terms

capital investment, state bonds, Eagle Bend High School, renovation, grant, bond proceeds fund, commissioner of employment and economic development, Minnesota Constitution.