1.1 A bill for an act
1.2 relating to capital investment; appropriating money for multifamily housing with
1.3 supportive services and child care center in the city of Cosmos; 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. COSMOS; MULTIFAMILY HOUSING.
1.7 Subdivision 1.Appropriation.$6,800,000 is appropriated from the bond proceeds fund
1.8to the commissioner of employment and economic development for a grant to the city of
1.9Cosmos to design, construct, renovate, furnish, and equip a multifamily housing facility at
1.10130 Neptune Street North in the city of Cosmos to provide supportive services for senior
1.11citizens and a child care center for children not yet in kindergarten, and an after-school and
1.12weekend programming facility for school-aged children.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.15the state in an amount up to $6,800,000 in the manner, upon the terms, and with the effect
1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.17Constitution, article XI, sections 4 to 7.
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-03573 as introduced02/05/25 REVISOR JSK/VJ
SENATE
STATE OF MINNESOTA
S.F. No. 1439NINETY-FOURTH SESSION
(SENATE AUTHORS: LANG)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/17/2025
Referred to Capital Investment