HF4817
Blaine; National Sports Center asset preservation funding provided, bonds issued, and money appropriated.
Legislative Session 94 (2025-2026)
Related bill: SF4605
AI Generated Summary
Purpose
Authorize funding to maintain and preserve assets at the National Sports Center in Blaine. This is done by authorizing the sale and issuance of state bonds to provide the money.
Main Provisions
- Subdivision 1 – Appropriation: The state bond proceeds fund provides 23,740,000 to the Minnesota Amateur Sports Commission for asset preservation at the National Sports Center in Blaine.
- Subdivision 2 – Bond Sale: The Commissioner of Management and Budget must sell and issue state bonds up to 23,740,000 to fund the appropriation, following the bond rules in Minnesota law and the state constitution.
Funding Source and Bonding Details
- Funding source: bond proceeds fund.
- Bonding action: sale and issuance of bonds in an amount up to 23,740,000.
- Legal framework for bonding: governed by Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution Article XI sections 4 to 7.
Agency and Location
- Recipient agency: Minnesota Amateur Sports Commission.
- Facility/location: National Sports Center, Blaine, Minnesota.
Significant Changes
- Creates a new capital investment appropriation specifically for asset preservation at the National Sports Center.
- Establishes debt financing (bond issuance) to fund the appropriation, using the standard state bonding process and constitutional requirements.
Summary of Impact
- The bill directs public funds toward maintaining a major sports facility.
- It uses debt financing to provide the necessary capital for asset preservation, aligning with existing bond issuance processes.
Relevant Terms - bond proceeds fund - asset preservation - National Sports Center - Blaine - Minnesota Amateur Sports Commission - bond sale / issue bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - appropriation - capital investment - debt financing
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| April 07, 2026 | House | Action | Introduction and first reading, referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill requires that the bond sale for the appropriation be conducted in the manner prescribed by Minnesota Statutes sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "Minnesota Statutes sections 16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee