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SF3455 (Legislative Session 94 (2025-2026))

Science Museum of Minnesota bond issue and appropriation

AI Generated Summary

Purpose of the Bill:

The bill aims to fund renovations for the Science Museum of Minnesota located in St. Paul by utilizing state bonds.

Main Provisions:

  • Appropriation of Funds: The bill proposes an appropriation of $25,000,000 from the bond proceeds fund. This amount is designated for making a grant to the city of St. Paul, which will be used specifically for the renovation of the Science Museum of Minnesota.

  • Use of Funds: The allocated funds are intended for the predesign, design, construction, furnishing, and equipping of the renovation project at the Science Museum of Minnesota.

  • Bond Issuance: The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $25,000,000. This sale and issuance must comply with existing state statutes and constitutional requirements.

Significant Changes to Existing Law:

  • This bill introduces a specific allocation of $25,000,000 to support the Science Museum of Minnesota renovation through state bond sales, which involves financial planning and execution that aligns with statutory and constitutional guidelines already in place.

Relevant Terms:

  • Capital Investment
  • Bond Appropriation
  • Science Museum of Minnesota
  • State Bonds
  • St. Paul Renovation

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 27, 2025SenateFloorActionIntroduction and first reading
April 27, 2025SenateFloorActionIntroduction and first reading
April 27, 2025SenateFloorActionReferred toCapital Investment
April 28, 2025SenateFloorActionAuthor added
April 28, 2025SenateFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill pertains to the authority and procedures related to bond-funded projects according to section 16A.695.",
      "modified": []
    },
    "citation": "16A.695",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section deals with the procedural guidelines for the sale and issuance of bonds.",
      "modified": []
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section concerns the management and use of bond proceeds.",
      "modified": []
    },
    "citation": "16A.675",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "These constitutional provisions govern state-issued debt.",
      "modified": []
    },
    "citation": "Constitution article XI",
    "subdivision": "sections 4 to 7"
  }
]

Sponsors