1.1 A bill for an act
1.2 relating to capital investment; appropriating money for an indoor recreational
1.3 facility in the city of North Mankato; authorizing the sale and issuance of state
1.4 bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. NORTH MANKATO; INDOOR RECREATIONAL FACILITY.
1.7 Subdivision 1.Appropriation.$12,750,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the city
1.9of North Mankato to predesign, design, construct, furnish, and equip an indoor recreational
1.10facility at the Caswell Regional Sporting Complex.
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 $12,750,000 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 25-0300801/30/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 1616
NINETY-FOURTH SESSION
Authored by Schwartz and Frederick02/26/2025
The bill was read for the first time and referred to the Committee on Capital Investment