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Bill > HF1389


MN HF1389

MN HF1389
State-owned land in the Cloquet Forestry Center transferred to the University of Minnesota, defeasance of outstanding debt on certain state bond financed property funding provided, and money appropriated.


summary

Introduced
02/24/2025
In Committee
02/24/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to state government; transferring certain state-owned land in the Cloquet Forestry Center to the University of Minnesota; appropriating money for defeasance of outstanding debt on certain state bond financed property.

AI Summary

This bill transfers ownership of specific parcels of land within the Cloquet Forestry Center in Carlton County from the state of Minnesota to the University of Minnesota at no cost. The land transfer involves eight distinct parcels totaling multiple sections of land in Townships 49 North, Ranges 17 and 18 West. Additionally, the bill appropriates $1,300,000 in fiscal year 2026 to the commissioner of management and budget to prepay and defease any outstanding state general obligation bonds associated with improvements at the University of Minnesota Cloquet Forestry Center. The underlying purpose of the land transfer and debt prepayment is to facilitate the university's goal of returning the land to the Fond du Lac Band of Lake Superior Chippewa. Once the outstanding debt is prepaid, the real property and improvements will no longer be considered state bond-financed property, and all associated conditions will be considered satisfied. Both the land transfer and appropriation sections become effective the day following final enactment.

Committee Categories

Government Affairs

Sponsors (5)

Last Action

Hearing (09:00:00 4/23/2025 ) (on 04/23/2025)

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