Bill > HF2485

This bill authorizes significant capital investment spending across multiple state agencies and programs, proposing to issue up to $789,996,000 in state general obligation bonds. The bill provides funding for a wide range of infrastructure and capital improvement projects, including higher education facility upgrades, library construction, natural resources improvements, drinking water contamination mitigation, transportation infrastructure, public housing rehabilitation, and accessibility improvements. Key provisions include $40 million for University of Minnesota facility improvements, $58.4 million for natural resources projects like forest nursery improvements and flood hazard mitigation, $100 million for water infrastructure funding, and $47.9 million for a new Bureau of Criminal Apprehension regional office in Mankato. The bill also establishes new grant programs, such as an Emerging Contaminants Grant Program for addressing drinking water contamination, and includes provisions for prioritizing projects in areas with higher socioeconomic challenges. Additionally, the bill makes several technical changes to existing statutes, including modifying grant requirements and creating new accounts for specific types of capital improvements. The bond sales are scheduled to be structured to ensure that no more than $1,221,106,000 will need to be transferred from the general fund to the state bond fund during the 2026-2027 biennium.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2485&ssn=0&y=2025