SF3335

Purpose of the Bill

This bill aims to fund the development of a new playground in Gorman Park, located in the city of St. Peter, Minnesota. It authorizes financial measures to make this project possible.

Main Provisions

• Appropriation of Funds: The bill provides a grant of $1,300,000 from the bond proceeds fund to the city of St. Peter. This money will be used specifically to design, engineer, construct, furnish, and equip the playground in Gorman Park. The project will also include the creation of shade structures, sidewalks, and other necessary site improvements to make the area safe and accessible.

• Bond Issuance: The bill authorizes the sale and issuance of state bonds to raise the necessary funds. The commissioner of management and budget is responsible for managing this process, following specific Minnesota statutes and constitutional guidelines.

Significant Changes

• The bill involves financial commitments through the issuance of bonds, which is a common method used by governments to raise funds for large public projects. This act will result in the availability of funds for a new public amenity in the city of St. Peter.

Relevant Terms

• Capital investment
• Bonds
• Appropriation
• Playground development
• Gorman Park
• State bonds