SF5159

Purpose

This bill relates to state capital investment funding and makes a change to a previously approved use of bond proceeds. It specifically identifies funding to support a veterans memorial project in Forest Lake by directing a grant to the local Veterans Memorial Committee for constructing the memorial at Lakeside Memorial Park.

Main Provisions

• Amends a prior appropriation from state bond proceeds originally authorized in Laws 2023 (chapter 72, article 2, section 9, subdivision 5).
• Reframes Subdivision 5 to designate the Forest Lake Veterans Memorial as the funded project and to provide a grant to the City of Forest Lake Veterans Memorial Committee.
• The grant is designated for constructing a memorial to veterans of the United States armed forces at Lakeside Memorial Park.

Changes to Existing Law

• Alters Laws 2023 chapter 72 article 2 section 9 subdivision 5 to reflect the Forest Lake Veterans Memorial as the targeted project and to specify the grant to the Forest Lake Veterans Memorial Committee for construction at Lakeside Memorial Park.
• Keeps the overall capital investment/bond funding framework intact while directing the funds to the Forest Lake memorial project.

Potential Impact

• Establishes or clarifies state financial support for a local veterans memorial project in Forest Lake.
• Uses bond proceeds under the state’s capital investment program to fund the grant, tying the project to the state’s debt-financed capital improvement budgeting.

Relevant Terms capital investment bond proceeds appropriation grant Forest Lake Veterans Memorial Forest Lake Veterans Memorial Committee Lakeside Memorial Park veterans United States armed forces Laws 2023 chapter 72 article 2 section 9 subdivision 5 Section 1.250000