SF3455

Purpose

Provide capital investment funding to renovate the Science Museum of Minnesota. The bill creates a grant to the City of St. Paul for predesign, design, construction, furnishing, and equipping the renovation, using bond proceeds.

Main Provisions

• Appropriation: $25,000,000 is appropriated from the bond proceeds fund to the commissioner of employment and economic development for a grant to the City of St. Paul to predesign, design, construct, furnish, and equip the renovation of the Science Museum of Minnesota. This is subject to Minnesota Statutes section 16A.695.
• Bond sale: The commissioner of management and budget must sell and issue state bonds up to $25,000,000 to finance the appropriation. Bond terms and procedures follow Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7.

Significance and Impacts

• This bill authorizes a new capital investment project tied to a significant cultural infrastructure renovation in St. Paul.
• It uses a grant mechanism funded by state bonds, aligning the project with standard state bonding practices and legal requirements.

Compliance and Legal Authorities

• Subject to: Minnesota Statutes section 16A.695 for the appropriation.
• Bonding authority and procedures: Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution Article XI, sections 4–7.

Potential Implementation Considerations

• Timeline and sequencing: Pre-design through final equipment for the renovation.
• Oversight: Standard capital investment and bonding processes will govern use of the funds and bonds.

Relevant Terms Science Museum of Minnesota City of St. Paul grant appropriation bond proceeds fund predesign design construct furnish equip renovation capital investment state bonds bond sale Commissioner of Employment and Economic Development Commissioner of Management and Budget Minnesota Statutes 16A.695 Minnesota Statutes 16A.631 to 16A.675 Minnesota Constitution Article XI sections 4 to 7