The bill proposes an appropriation of $25,000,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of St. Paul. This funding is designated for the predesign, design, construction, furnishing, and equipping of renovations at the Science Museum of Minnesota. The bill outlines that this appropriation is subject to Minnesota Statutes, section 16A.695.
To finance the appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $25,000,000, following the procedures established in Minnesota Statutes, sections 16A.631 to 16A.675, and in accordance with the Minnesota Constitution, article XI, sections 4 to 7. The effective date of this section is set for the day following its final enactment.