Purpose of the Bill

The bill aims to provide financial resources for the renovation of the Hayden Heights Library in St. Paul, Minnesota. It is part of a broader effort to invest in local infrastructure and improve community facilities.

Main Provisions

• Funding Allocation: The bill appropriates $4,000,000 from the bond proceeds fund. This allocation is designated for the renovation of the Hayden Heights Library.

• Scope of Renovation: The funding will be used for the design, construction, furnishing, and equipping of the library's renovation.

• Bond Sale Authorization: The bill authorizes the commissioner of management and budget to sell and issue state bonds. These bonds will raise up to $4,000,000 to finance the renovation project.

Significant Changes to Existing Law

This bill does not introduce changes to existing law but authorizes the issuance of state bonds in accordance with existing Minnesota statutes and constitutional provisions regarding state debt and bond issuance.

Relevant Terms

• Capital investment
• Hayden Heights Library
• State bonds
• Bond proceeds fund
• Renovation
• Commissioner of employment and economic development
• City of St. Paul