1.1 A bill for an act
1.2 relating to capital investment; appropriating money for municipal park development
1.3 in the city of Faribault; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. FARIBAULT; MUNICIPAL PARK.
1.6 Subdivision 1.Appropriation.$2,962,000 is appropriated from the bond proceeds fund
1.7to the commissioner of employment and economic development for a grant to the city of
1.8Faribault to construct, furnish, and equip capital improvements at a municipal park in
1.9downtown Faribault, including an outdoor refrigerated skating loop; a splash pad; trails,
1.10sidewalks, landscaping, lighting, tables, and benches; and parking areas.
1.11 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $2,962,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/ES 25-0255101/21/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 1465
NINETY-FOURTH SESSION