Event venue capital improvements funding provided, bonds issued, and money appropriated.

Summary

The bill authorizes the sale of state appropriation bonds, not exceeding $100 million net of issuance costs, to finance renovation, safety, and equipment improvements at the RiverCentre arena, RiverCentre complex, and Roy Wilkins Auditorium in downtown St. Paul. No more than 62.5 % of the bond proceeds may be used for the RiverCentre arena. Bond proceeds are deposited in a special fund and must be used for the defined capital projects.

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