HF1420

Purpose

This bill would provide funding to improve a public space in St. Paul. Specifically, it appropriates $20,000,000 from the bond proceeds fund to a grant for Ramsey County to predesign, design, engineer, construct, furnish, and equip a public realm over a portion of Shepard Road and adjacent railroad lines, including related infrastructure. It also approves issuing state bonds to raise up to $20,000,000 to pay for this project.

Main Provisions

• Subdivision 1 – Appropriation:
  • Amount: $20,000,000 from the bond proceeds fund.
  • Purpose: A grant to Ramsey County to predesign, design, engineer, construct, furnish, and equip a public realm in the City of St. Paul, over a portion of Shepard Road and nearby rail lines, including related infrastructure.
• Subdivision 2 – Bond Sale:
  • Authorization: The Commissioner of Management and Budget shall sell and issue state bonds up to $20,000,000 to fund the appropriation.
  • Governing law: Bond issuance follows Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution Article XI sections 4 to 7.

Significant Changes to Existing Law

• Creates a new capital investment appropriation for a specific public realm project in St. Paul.
• Authorizes issuing up to $20,000,000 in state bonds to finance this appropriation.
• Directs funding and procurement processes through the bond proceeds fund and applicable state statutes and constitutional provisions.

Implementation and Oversight

• Implemented through the Department of Employment and Economic Development (for the grant) and the Department of Management and Budget (for bond issuance).
• Project involves Ramsey County and the City of St. Paul, with project scope including public space development over Shepard Road and adjacent rail infrastructure.

Fiscal Implications

• Immediate effect: A $20 million appropriation funded by bond proceeds.
• Long-term effect: Debt service on the bonds issued to finance the appropriation, as governed by state law and constitutional provisions.

Terminology to Note

• public realm
• appropriation
• bond proceeds fund
• grant
• Ramsey County
• predesign
• design
• engineer
• construct
• furnish
• equip
• Shepard Road
• rail lines
• infrastructure
• bond sale
• state bonds
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI sections 4 to 7

Relevant Terms - appropriation - bond proceeds fund - grant - Ramsey County - predesign - design - engineer - construct - furnish - equip - public realm - Shepard Road - rail lines - infrastructure - bond sale - state bonds - Minnesota Statutes 16A.631-16A.675 - Minnesota Constitution Article XI §4-7