| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for the city Square West project |
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| 3 | 3 | | 1.3 in the city of Chaska; authorizing the sale and issuance of state bonds. |
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| 4 | 4 | | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 5 | 5 | | 1.5 Section 1. CHASKA; CITY SQUARE WEST. |
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| 6 | 6 | | 1.6 Subdivision 1.Appropriation.$7,825,000 is appropriated from the bond proceeds fund |
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| 7 | 7 | | 1.7to the commissioner of employment and economic development for a grant to the city of |
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| 8 | 8 | | 1.8Chaska for the city Square West redevelopment project. This appropriation is for publicly |
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| 9 | 9 | | 1.9owned portions of the project and is in addition to the appropriation for the same purpose |
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| 10 | 10 | | 1.10in Laws 2023, chapter 72, article 2, section 9, subdivision 3. This appropriation includes |
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| 11 | 11 | | 1.11money for property acquisition, demolition, design, construction, furnishing, and equipping |
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| 12 | 12 | | 1.12costs associated with this project. |
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| 13 | 13 | | 1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond |
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| 14 | 14 | | 1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 15 | 15 | | 1.15the state in an amount up to $7,825,000 in the manner, upon the terms, and with the effect |
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| 16 | 16 | | 1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 17 | 17 | | 1.17Constitution, article XI, sections 4 to 7. |
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| 18 | 18 | | 1.18 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 19 | 19 | | 1Section 1. |
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| 20 | 20 | | 25-00893 as introduced12/06/24 REVISOR JSK/HL |
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| 21 | 21 | | SENATE |
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| 22 | 22 | | STATE OF MINNESOTA |
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| 23 | 23 | | S.F. No. 342NINETY-FOURTH SESSION |
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| 24 | 24 | | (SENATE AUTHORS: COLEMAN) |
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| 25 | 25 | | OFFICIAL STATUSD-PGDATE |
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| 26 | 26 | | Introduction and first reading01/21/2025 |
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| 27 | 27 | | Referred to Capital Investment |
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