SF2357

Purpose of the Bill

The purpose of this bill is to allocate funds for safety-related renovations and improvements at the Ordway Center for the Performing Arts in St. Paul, Minnesota. It aims to enhance the safety infrastructure of the venue, benefiting both performers and patrons.

Main Provisions

• Appropriation of Funds: The bill appropriates $10,000,000 to the Commissioner of Employment and Economic Development. This money is earmarked specifically for the city of St. Paul to use in designing, renovating, and equipping the Ordway Center for capital safety improvements.
• Bond Sale Authorization: To finance these improvements, the bill authorizes the sale and issuance of state bonds totaling up to $10,000,000. These bonds are to be sold and managed by the Commissioner of Management and Budget, following existing state laws and constitutional provisions.

Significant Changes to Existing Law

This bill proposes a financial change by authorizing new state bond sales, which contributes to public safety infrastructure. However, it does not amend existing laws but rather follows current statutory and constitutional guidelines regarding state bond issuance.

Relevant Terms

• capital investment
• safety improvements
• bond issuance
• Ordway Center for the Performing Arts
• appropriation