SF5223

Purpose

This bill provides a capital investment appropriation to fund improvements at the National Service Park in Plainview. It allocates money to support the creation and outfitting of the Military and Peace Corps Plazas within the park.

Main Provisions

• Subdivision 1 – Appropriation: An amount of 1,800,000 dollars is appropriated from the bond proceeds fund to the commissioner of employment and economic development to grant to the city of Plainview for constructing, furnishing, and equipping the Military and Peace Corps Plazas of the National Service Park in Plainview.
• Subdivision 2 – Bond sale: To finance the appropriation, the commissioner of management and budget shall sell and issue state bonds up to 1,800,000 dollars, under the terms and effects described by Minnesota statute chapters 16A.631 through 16A.675 and by the Minnesota Constitution, Article XI, sections 4 to 7.

Funding Source and Financial Details

• Funding source: bond proceeds fund.
• Amount: up to 1,800,000 dollars.
• Mechanism: sale and issuance of state bonds by the Commissioner of Management and Budget.

Project Scope and Location

• Project: Construction, furnishing, and equipping of the Military and Peace Corps Plazas at the National Service Park.
• Location: City of Plainview, Minnesota.

Agencies Involved

• Department of Employment and Economic Development (as the agency to administer the grant to the City of Plainview).
• Commissioner of Management and Budget (as the state official responsible for selling the bonds).

Legal Framework and Compliance

• Authorization and funding are subject to Minnesota Statutes sections 16A.631 to 16A.675.
• Bonding and financing subject to Minnesota Constitution Article XI, sections 4 to 7.

Implementation Notes

• The summary text does not specify a timeline or reporting requirements beyond the appropriating and bonding authority.

Significance

• This is a targeted capital investment project to support local park-related facilities in Plainview, financed through state bonds and administered as a grant to the city.

Relevant Terms - appropriation - bond proceeds fund - grant - city of Plainview - National Service Park - Military Plaza - Peace Corps Plaza - construction - furnish - equip - capital investment - bonds - sale and issuance - Commissioner of Employment and Economic Development - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7