SF2802

Purpose of the Bill

This bill aims to allocate funds specifically for the development of early childhood learning and child protection facilities in Minnesota. This financial support is intended to enhance infrastructure dedicated to early education and child safety.

Main Provisions

• Funding Appropriation: The bill proposes an appropriation of $3,000,000 from the bond proceeds fund. These funds are allocated for the planning, designing, construction, renovation, furnishing, and equipping of early childhood learning facilities in the state.

• Bond Sale Authorization: In order to secure the necessary funds, the bill authorizes the state to sell and issue bonds up to the amount of $3,000,000. This process will be managed by the commissioner of management and budget and will follow specific state statutes and constitutional guidelines.

Significant Changes to Existing Law

• The bill facilitates the issuance of state bonds to fund the designated projects, inferring a direct impact on the state’s financial activities and commitments under the state bond provisions.

Relevant Terms

• Capital investment
• Early childhood learning
• Child protection facilities
• State bonds
• Appropriation
• Infrastructure development