1.1 A bill for an act
1.2 relating to capital investment; appropriating money for improvements to The Marsh
1.3 in the city of Minnetonka; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MINNETONKA; THE MARSH.
1.6 Subdivision 1.Appropriation.$15,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Minnetonka to acquire property and to predesign, design, construct, and equip
1.9improvements at The Marsh. This appropriation includes money for improvements necessary
1.10to renovate the facility, including interior construction with ADA accessibility upgrades,
1.11energy efficient mechanical systems, and safety design for users of the facility. This
1.12appropriation also includes money for exterior improvements including structural repairs
1.13and for natural resource site improvements to protect and enhance the environment.
1.14 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.15proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.16the state in an amount up to $15,000,000 in the manner, upon the terms, and with the effect
1.17prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.18Constitution, article XI, sections 4 to 7.
1.19 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-00844 as introduced12/02/24 REVISOR JSK/KR
SENATE
STATE OF MINNESOTA
S.F. No. 215NINETY-FOURTH SESSION
(SENATE AUTHORS: JOHNSON STEWART)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/16/2025
Referred to Capital Investment