Purpose

This bill aims to provide a one-time state investment to help build the Minnesota Hockey Hall of Fame in Inver Grove Heights. It also authorizes the state to borrow money (sell and issue state bonds) to fund the project.

Main provisions

• Creates a one-time capital investment appropriation of $20,000,000.
• Source of funds: general fund.
• Purpose of the grant: to construct, furnish, and equip a facility to be called the Minnesota Hockey Hall of Fame in Inver Grove Heights.
• The facility will include a museum, an ice rink, a performance hall, an event space, and other amenities.
• The grant goes to Minnesota Hockey Hall of Fame Inc., a 501(c)(3) nonprofit organization.
• The funding is intended to support a project that will house multiple hockey-related attractions and activities.

Funding and financial details

• The appropriation is for fiscal year 2027 and is a one-time use.
• The money is provided as a grant from the general fund to the nonprofit organization through the state’s Department of Employment and Economic Development (the commissioner of DEED) for the project.
• The bill authorizes the sale and issuance of state bonds to support this appropriation (state debt financing).

Project scope and location

• Location: Inver Grove Heights, Minnesota.
• The facility is intended to serve as a hub for hockey history and community events, combining a museum, ice rink, and spaces for presentations and gatherings.

Timing, oversight, and legal details

• The appropriation is one-time and remains available until the project is completed or abandoned.
• The project must comply with Minnesota Statutes section 16A.642 (related to onetime appropriations and project oversight).
• No other specific statutory changes are described beyond establishing the appropriation and bonding authority.

Significance / What changes are being made

• Introduces a new, single-use capital investment and debt authority to fund a specific nonprofit-led project.
• Directs a substantial state grant to a private nonprofit for construction and facilities that will become a public-facing hockey museum and venue.
• Establishes funding and bonding mechanisms to support the project, aligning with state capital investment processes.

Relevant Terms appropriation general fund commissioner of employment and economic development Minnesota Hockey Hall of Fame Inc. 501(c)(3) grant construct furnish equip facility Minnesota Hockey Hall of Fame Inver Grove Heights museum ice rink performance hall event space amenities one-time project completed abandoned Minnesota Statutes section 16A.642 sale and issuance of state bonds capital investment bonds debt financing