HF680

Purpose

This bill would allocate money for capital improvements at the New Hope Golf Course and authorize the sale of state bonds to pay for those improvements.

Main Provisions

• Appropriation of funds: $853,000 from the bond proceeds fund is allotted as a grant to the City of New Hope. The money is intended to predesign, design, construct, reconstruct, and equip improvements and other capital upgrades at the New Hope Golf Course.
• Specific improvements: The funding covers replacing the golf course irrigation system, reconstructing paved golf cart paths, and adding a new cold equipment storage facility.
• Bond authorization: The state would issue bonds, up to $853,000, to pay for the appropriation. The bond sale would follow Minnesota law and the state constitution.

Funding and Authority

• Source of funds: Bond proceeds fund.
• Responsible authorities: The grant is administered by the Commissioner of Employment and Economic Development; bond issuance is handled by the Commissioner of Management and Budget.
• Legal framework: The bond issuance and spending are to be conducted under Minnesota Statutes sections 16A.631 to 16A.675 and Article XI of the Minnesota Constitution.

Significance and Impact

• This is a targeted investment to improve a public recreation facility (the New Hope Golf Course), potentially enhancing local amenities and economic activity related to the course.
• It represents a specific capital investment funded by state bonds and administered as a grant to the city.

Related Terms

New Hope Golf Course, capital improvements, grant, predesign, design, construct, reconstruct, equip, irrigation system, cart paths, equipment storage facility, bond proceeds fund, bond sale, state bonds, Commissioner of Employment and Economic Development, Commissioner of Management and Budget, Minnesota Statutes 16A.631-16A.675, Minnesota Constitution Article XI, capital investment.

Relevant Terms - New Hope Golf Course - capital improvements - grant - predesign - design - construct - reconstruct - equip - irrigation system - cart paths - equipment storage facility - bond proceeds fund - bond sale - state bonds - Commissioner of Employment and Economic Development - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI - capital investment