The bill proposes a significant investment in early childhood learning and child protection facilities in Minnesota, appropriating $1.2 billion from the bond proceeds fund. This funding is designated for the predesign, design, construction, renovation, furnishing, and equipping of early childhood learning facilities, as outlined in Minnesota Statutes, section 142A.46.
To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $1.2 billion, following the procedures established in Minnesota Statutes, sections 16A.631 to 16A.675, and in accordance with the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.