1.1 A bill for an act
1.2 relating to capital investment; appropriating money for capital improvements at
1.3 the Guidant John Rose Minnesota OVAL in the city of Roseville; authorizing the
1.4 sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. ROSEVILLE; GUIDANT JOHN ROSE MINNESOTA OVAL.
1.7 Subdivision 1.Appropriation.$1,125,000 is appropriated from the bond proceeds fund
1.8to the commissioner of employment and economic development for a grant to the city of
1.9Roseville to predesign, design, construct, furnish, and equip the renovation of the Guidant
1.10John Rose Minnesota OVAL in Roseville. This appropriation includes money for
1.11improvements to the main building, building systems, and support facilities.
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $1,125,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/DG 25-0512103/20/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2985
NINETY-FOURTH SESSION
Authored by Gottfried and Finke04/01/2025
The bill was read for the first time and referred to the Committee on Capital Investment