Robbinsdale; new public works facility funding provided, bonds issued, and money appropriated.

Plain English Breakdown

The official source material does not provide information on how residents and businesses will be affected by the project.

Funding for New Public Works Facility in Robbinsdale

The bill provides funding and authorizes bond sales to build a new public works facility in Robbinsdale.

What This Bill Does

• Provides $20,000,000 from the bond proceeds fund to design and construct a new public works facility for the city of Robbinsdale.
• Authorizes the sale and issuance of state bonds up to $20,000,000 to provide money for the project.
• Requires the commissioner of management and budget to sell these bonds according to Minnesota laws.

Who It Names or Affects

• The city of Robbinsdale

Terms To Know

Bond proceeds fund

A special fund where money raised by selling bonds is kept until it's used for specific projects.

Commissioner of management and budget

The person in charge of managing the state’s financial resources, including issuing bonds.

Limits and Unknowns

• Does not specify how the new facility will be used or what improvements it will bring.
• Does not mention who will manage or operate the new public works facility after construction.

Official Summary Text

Robbinsdale; new public works facility funding provided, bonds issued, and money appropriated.

Current Bill Text

A bill for an act

relating to capital investment; appropriating money for a new public works facility

in the city of Robbinsdale; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.
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ROBBINSDALE; PUBLIC WORKS FACILITY.
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Subdivision 1.

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Appropriation.

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$20,000,000 is appropriated from the bond proceeds

fund to the commissioner of employment and economic development for a grant to the city

of Robbinsdale to design and construct a new public works facility.

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Subd. 2.

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Bond sale.

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To provide the money appropriated in this section from the bond

proceeds fund, the commissioner of management and budget shall sell and issue bonds of

the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect

prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota

Constitution, article XI, sections 4 to 7.

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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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