HF1403

Purpose

This bill provides funding from the state to pay for a new gymnasium at Browerville High School. It explicitly authorizes the use of state debt to fund the project.

Main Provisions

• Appropriation: The bill appropriates 7,800,000 from the bond proceeds fund.
• Use of funds: The money is for a grant to Independent School District No. 787 Browerville to predesign, design, engineer, and construct a new gymnasium at Browerville High School in Browerville.
• Beneficiary: Independent School District No. 787 Browerville.
• Bond financing: The commissioner of management and budget must sell and issue state bonds up to 7,800,000 to provide the money for the project.
• Legal framework: The bond sale and issuance must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

How it Works

• The project is funded through state debt (bonds) rather than a direct grant from the general fund.
• The money provided to the Browerville district is specifically for planning, design, engineering, and construction of the gymnasium.
• The bond sale is managed under existing state law and constitutional provisions governing debt-issuing processes.

Significance and What It Changes

• Creates a new capital project funding stream for Browerville High School by authorizing a bond-backed appropriation.
• No other policy or program changes are described; the key change is enabling the sale and issuance of bonds to finance the gym construction.

Relevant terms - appropriation - bond proceeds fund - grant - Independent School District No. 787 Browerville - Browerville High School - predesign - design - engineer - construct - gymnasium - bond sale - state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7 - capital investment - management and budget (MMB)