HF2455 (Legislative Session 94 (2025-2026))
Ramsey County; Aldrich Arena improvement funding provided, bonds issued, and money appropriated.
Related bill: SF2799
AI Generated Summary
Purpose of the Bill
The purpose of this bill is to provide funding for the renovation of Aldrich Arena in Ramsey County, Minnesota. The goal is to upgrade the facility so it can function as a regional and statewide event center.
Main Provisions
Appropriation of Funds: The bill allocates $6,500,000 from the bond proceeds fund. This money is designated for the commissioner of employment and economic development to distribute as a grant to Ramsey County. The funding will cover the predesign, design, and construction of various facility and site improvements at Aldrich Arena.
Bond Sales: To raise the funds, the bill authorizes the sale and issuance of state bonds amounting up to $6,500,000. The bonds will be issued by the commissioner of management and budget following specific state statutes and constitutional guidelines.
Significant Changes
This bill facilitates a notable change by converting an existing facility, Aldrich Arena, into a more extensive venue capable of hosting regional and statewide events. The bill does not make changes to existing laws but enables financial mechanisms through the issuance of state bonds.
Relevant Terms
- Aldrich Arena
- Ramsey County
- Bond sale
- State bonds
- Capital investment
- Regional event center
- Grant
- Facility renovation
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | House | Floor | Action | Introduction and first reading, referred to | Capital Investment |
| March 19, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"An appropriation of funds for the renovation of Aldrich Arena."
],
"removed": [
"No sections were removed in this context."
],
"summary": "This bill authorizes the sale and issuance of state bonds under sections 16A.631 to 16A.675.",
"modified": [
"Details related to bond sale specifics for this particular appropriation."
]
},
"citation": "16A.631 to 16A.675"
}
]