1.1 A bill for an act
1.2 relating to capital investment; appropriating money for public infrastructure to
1.3 serve the Opportunity Site in the city of Brooklyn Center; authorizing the sale and
1.4 issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. BROOKLYN CENTER; OPPORTUNITY SITE PUBLIC
1.7INFRASTRUCTURE.
1.8 Subdivision 1.Appropriation.$3,000,000 is appropriated from the bond proceeds fund
1.9to the commissioner of employment and economic development for a grant to the city of
1.10Brooklyn Center for predesign, design, site preparation, construction, and equipping of
1.11public infrastructure to serve the Opportunity Site. This appropriation includes money for
1.12utility improvements, stormwater ponding, road construction, public parking, and other
1.13improvements necessary to facilitate travel to and use of the Opportunity Site by the public.
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 $3,000,000 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.
25-00293 as introduced10/30/24 REVISOR JSK/NS
SENATE
STATE OF MINNESOTA
S.F. No. 87NINETY-FOURTH SESSION
(SENATE AUTHORS: PHA)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/16/2025
Referred to Capital Investment