Purpose of the Bill

The goal of this bill is to allocate funds for the renovation of the Hayden Heights Library located in St. Paul, Minnesota. It aims to improve the library’s facilities for better public use.

Main Provisions

• Appropriation of Funds: The bill proposes to allocate $4,000,000 for the renovation project. This money will be used to design, construct, furnish, and equip the library with necessary updates.
• Issuance of Bonds: The bill authorizes the sale and issuance of state bonds to finance the renovation. The commissioner of management and budget will oversee the issuance of bonds up to the amount specified, following state statutes and the Minnesota Constitution.

Significant Changes to Existing Law

• This bill specifically enables the use of state funding, through bond sales, to support a local infrastructure project—the renovation of a library. This involves new financial commitments in the form of state bonds.

Relevant Terms

• Capital investment
• Bond sales
• State appropriation
• Hayden Heights Library renovation