Bill > HF402

This bill provides funding and authorization for a new public works maintenance facility in the city of Ranier, Minnesota. Specifically, the bill appropriates $300,000 from state bond proceeds to the commissioner of employment and economic development as a grant for the city to predesign, design, construct, furnish, and equip the facility. Notably, this appropriation does not require a matching contribution from non-state sources. The bill also authorizes the commissioner of management and budget to sell and issue up to $300,000 in state bonds to fund the project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The funding mechanism involves selling state bonds, which are essentially a form of government borrowing to finance capital improvement projects. The bill will take effect immediately after it is enacted, allowing the city of Ranier to proceed with planning and constructing its new public works maintenance facility.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0402&ssn=0&y=2025