Purpose of the Bill

The bill is focused on supporting capital investment for the development of the Mississippi River Learning Center in St. Paul, Minnesota. It specifically aims to allocate funding and authorize the issuance of state bonds to support the project.

Main Provisions

• Funding Allocation: The bill appropriates $10,000,000 from the state's bond proceeds fund for the project. This appropriation is designated for the Metropolitan Council, which will provide a grant to the city of St. Paul.
• Project Details: The allocated funds are to be used for the construction, furnishing, and equipping of marina buildings, along with surrounding site improvements at Crosby Farm Regional Park. The developments are part of the broader Mississippi River Learning Center initiative and include site preparation, trails, vehicular access, and marina amenities.
• Bond Issuance: The bill authorizes the sale and issuance of state bonds up to the amount of $10,000,000 to finance the appropriation. The commissioner of management and budget is responsible for executing the sale and issuance of these bonds in accordance with specific Minnesota Statutes and the state constitution.

Significant Changes

• This bill introduces an additional appropriation to funds already provided in previous legislation (Laws 2023, chapter 72, article 1, section 17, subdivision 5), augmenting the financial support for the Mississippi River Learning Center project.

Relevant Terms

• Capital Investment
• Mississippi River Learning Center
• State Bonds
• Metropolitan Council
• St. Paul
• Crosby Farm Regional Park