HF5073

Purpose

This bill would provide funding to improve a national service site in Plainview. It aims to support the creation of the Military Plaza and Peace Corps Plaza within the National Service Park by financing construction, furnishing, and equipment.

Main Provisions

• Appropriation: Allocates 1,800,000 dollars from the bond proceeds fund to the commissioner of employment and economic development. This money goes as a grant to the city of Plainview to develop the Military and Peace Corps Plazas at the National Service Park in Plainview.
• Bond financing: Requires the state to sell and issue bonds up to 1,800,000 dollars to fund the appropriation. The bond sale must follow the state’s bond laws (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Funding and Financing Details

• Source of funds: Bond proceeds fund.
• Recipient: City of Plainview, via a grant administered by the commissioner of employment and economic development.
• Use of funds: Construction, furnishing, and equipping the Military and Peace Corps Plazas of the National Service Park.
• Bond issuance: The commissioner of management and budget is directed to sell and issue bonds up to 1.8 million dollars to finance the appropriation.

Legal Authority and Compliance

• Funding mechanics: The bill ties the appropriation to a bond sale and specifies the legal framework for issuing those bonds (state statutes and constitutional provisions).
• Relationship to existing law: The bill does not create new policy beyond financing this project; it relies on existing bond laws and procedures for issuance.

Effects and Changes to Existing Law

• This bill provides a new, specific appropriation and authorizes bond issuance to fund improvements to the National Service Park in Plainview. It does not otherwise alter existing programs or statutes beyond enabling this particular project’s funding.

Summary in Plain Language

• The state would borrow up to 1.8 million dollars to give Plainview a grant for building and equipping two plazas at the National Service Park (Military and Peace Corps Plazas). The money would come from bond proceeds, and the bonds would be sold under state law.

Relevant Terms - National Service Park - Plainview - Military Plaza - Peace Corps Plaza - City of Plainview - Grant - Appropriation - Bond proceeds fund - Commissioner of Employment and Economic Development - Commissioner of Management and Budget - Bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI (sections 4 to 7)