HF5000

Purpose

This bill updates a previous funding provision to provide financial support for a veterans memorial in Forest Lake. It specifies that bond-proceeds funds will be used to grant money to a local committee for construction of the memorial.

Main Provisions

• Amends Laws 2023 chapter 72 article 2 section 9 subdivision 5 to adjust the Forest Lake Veterans Memorial grant.
• Creates a grant of $250,000 to the Forest Lake Veterans Memorial Committee.
• Source of the funds: bond proceeds (capital investment funding).
• Purpose of the grant: to construct a memorial dedicated to veterans of the United States armed forces at Lakeside Memorial Park in Forest Lake.
• Recipient: the City of Forest Lake Veterans Memorial Committee.

Significant Changes to Existing Law

• Revises the prior appropriation related to the Forest Lake Veterans Memorial, changing the designated amount and formalizing the grant for construction of the memorial.
• Keeps the project tied to the capital investment framework and bond proceeds.

Fiscal Impact and Implementation

• Financial effect: allocates $250,000 from bond proceeds for the memorial construction.
• Implementation depends on the continued appropriations language and the committee’s use of the funds for construction at Lakeside Memorial Park.

Relevant Context

• The bill is part of capital investment measures.
• The project location is Lakeside Memorial Park in Forest Lake.

Relevant Terms bond proceeds appropriation Forest Lake Forest Lake Veterans Memorial Committee Lakeside Memorial Park veterans of the United States armed forces grant construction memorial Laws 2023 chapter 72 article 2 section 9 subdivision 5 capital investment