Minnesota SF 1401: St. Paul Shepard Road public real bond issue and appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to capital investment; appropriating money for a public realm over Shepard​
1.3 Road in the city of St. Paul; authorizing the sale and issuance of state bonds.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. RIVERSEDGE PUBLIC REALM; ST. PAUL.​
1.6 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds​
1.7 fund to the commissioner of employment and economic development for a grant to Ramsey​
1.8 County to predesign, design, engineer, construct, furnish, and equip a public realm in the​
1.9 city of St. Paul over a portion of Shepard Road and adjacent rail lines, including related​
1.10 infrastructure.​
1.11 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.12 proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.13 the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect​
1.14 prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.15 Constitution, article XI, sections 4 to 7.​
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
25-02721 as introduced​01/29/25 REVISOR JSK/VJ​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1401​NINETY-FOURTH SESSION​
(SENATE AUTHORS: PAPPAS, Oumou Verbeten, Kunesh, Xiong and Johnson Stewart)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​388​02/13/2025​
Referred to Capital Investment​
Author added Johnson Stewart​8003​04/13/2026​