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Bill > SF3056


MN SF3056

Capital improvement bond issuance and appropriation


summary

Introduced
03/27/2025
In Committee
03/27/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; authorizing spending to acquire and better public land and buildings and for other improvements of a capital nature with certain conditions; establishing new programs and modifying existing programs; authorizing the sale and issuance of state bonds; appropriating money; amending Minnesota Statutes 2024, sections 16A.501; 16B.97, subdivision 1; 16B.98, subdivision 1; 116.182, subdivision 5; 142A.46, subdivision 1; 446A.07, subdivision 8; 446A.072, subdivision 5a; 446A.073, subdivision 1; 446A.081, subdivision 9; Laws 2013, chapter 143, article 12, section 21; proposing coding for new law in Minnesota Statutes, chapters 16B; 115B; 446A; repealing Minnesota Statutes 2024, sections 16A.662; 116J.417, subdivision 9.

AI Summary

This bill provides a comprehensive capital improvement appropriations package for various state agencies and initiatives. The bill authorizes the sale of up to $790 million in state bonds to fund a wide range of capital projects across Minnesota, including infrastructure improvements, facility upgrades, and specific targeted investments. Key appropriations include $102,994,000 for the University of Minnesota and Minnesota State Colleges and Universities for Higher Education Asset Preservation and Replacement (HEAPR), $98,000,000 for the Department of Natural Resources for projects like asset preservation and land improvements, $72,887,000 for Public Safety to construct new Bureau of Criminal Apprehension facilities, and $123,544,000 for the Department of Corrections for asset preservation and renovations at correctional facilities. The bill also establishes new programs like a State Building Renewable Energy, Storage, and Electric Vehicle Account to support green infrastructure projects, and creates an Emerging Contaminants Grant Program to help address drinking water contamination. Additionally, the bill includes provisions for matching federal grants, supporting local infrastructure projects, and providing flexibility in bond issuance and management. The appropriations are primarily one-time and focused on capital improvements, with a strong emphasis on maintaining and upgrading existing state facilities and infrastructure.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing (08:30:00 5/8/2025 ) (on 05/08/2025)

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