HF1307

Purpose

• Provide funding through state bonds to support a new Jimmy Lee Recreation Center in St. Paul, specifically to help serve the Rondo community.

Main Provisions

• Appropriation: $5,700,000 from the bond proceeds fund is allocated to the commissioner of employment and economic development to grant to the city of St. Paul. This money is for predesign, design, and construction of a new Jimmy Lee Recreation Center facility to serve the Rondo community, subject to applicable state rules.
• Bonding authorization: The commissioner of management and budget is directed to sell and issue state bonds in an amount up to $5,700,000 to provide the money appropriated, following the standard bond laws and the state constitution.

Financial Details

• Amount: $5,700,000 (five million seven hundred thousand dollars).
• Source: Bond proceeds fund.
• Use: Grant to the city of St. Paul for predesign, design, and construction of a new recreation center facility to serve the Rondo community.

Legal Authority and Compliance

• The bonding and appropriation must comply with Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.
• The project is subject to Minnesota Statutes section 16A.695.1.

Significance / Changes to Law

• Establishes a new capital investment project and funding for the Jimmy Lee Recreation Center.
• Expands state bond financing authority for this specific project and sets the required legal framework for use of the funds.

Summary of Impact

• The bill directs state government to finance and facilitate the planning and construction of a recreation facility intended to benefit the Rondo community in St. Paul through a state-granted fund and bond issuance.

Relevant Terms - appropriation - bond proceeds fund - grant - city of St. Paul - Jimmy Lee Recreation Center - predesign - design - construction - new facility - Rondo community - bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7 - Minnesota Statutes 16A.695.1 - capital investment