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HF2985 (Legislative Session 94 (2025-2026))

Roseville; Guidant John Rose Minnesota OVAL capital improvements funding provided, bonds issued, and money appropriated.

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to allocate funds for capital improvements at the Guidant John Rose Minnesota OVAL located in Roseville, Minnesota. These improvements aim to enhance the facility's infrastructure and amenities.

Main Provisions

  • Appropriation of Funds: The bill appropriates $1,125,000 from the bond proceeds fund specifically for the renovation of the Guidant John Rose Minnesota OVAL. This funding is to be managed by the commissioner of employment and economic development through a grant to the city of Roseville.
  • Renovation Details: The funds will be used for various renovation activities including pre-design, design, construction, furnishing, and equipping of the facility. The renovations will focus on upgrading the main building, building systems, and support facilities.

Significant Changes to Existing Law

  • State Bond Sale: The bill authorizes the sale and issuance of state bonds up to $1,125,000. This financial mechanism is used to provide the required funds for the renovations as stipulated. The bonds will be issued under the terms set by Minnesota Statutes sections 16A.631 to 16A.675 and are in accordance with the Minnesota Constitution article XI, sections 4 to 7.

Relevant Terms

  • Capital investment
  • Bond proceeds fund
  • Guidant John Rose Minnesota OVAL
  • Renovation and construction
  • State bonds
  • City of Roseville

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 31, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Provides funds for the renovation of the Guidant John Rose Minnesota OVAL."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill authorizes the sale and issuance of state bonds under section 16A.631.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Enables specific financial transactions related to bond sale."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill authorizes the sale and issuance of state bonds under section 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Aligns project funding with constitutional guidelines."
      ],
      "removed": [
        ""
      ],
      "summary": "Refers to constitutional provisions for state debt and borrowing in article XI sections 4 to 7.",
      "modified": [
        ""
      ]
    },
    "citation": "article XI sections 4 to 7",
    "subdivision": ""
  }
]

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