HF3048

Purpose of the Bill

The purpose of this bill is to fund the development of a new playground in Gorman Park located in the city of St. Peter, Minnesota.

Main Provisions

• Appropriation of Funds: The bill allocates $1,300,000 from the bond proceeds fund to the commissioner of employment and economic development. This amount will be provided as a grant to the city of St. Peter.

• Playground Construction: The funds will be used for the design, engineering, construction, furnishing, and equipping of the playground in Gorman Park. Additional components of the project include the installation of shade structures, sidewalks, and other related site improvements.

• Bond Issuance: The commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $1,300,000 to finance the playground project.

Significant Changes

This bill introduces funding for a specific capital investment project in St. Peter, Minnesota, supporting local infrastructure development through state resources. It authorizes the sale of state bonds to finance this project.

Relevant Terms

capital investment, appropriations, state bonds, Gorman Park, St. Peter, playground development, infrastructure funding, Minnesota legislation