HF1886

This bill, H.F. No. 1886, introduced in the Minnesota House of Representatives by Representative Igo, pertains to capital investment for a regional housing and senior nutrition services facility in Hibbing, Minnesota. It includes the following key provisions:

1. Appropriation:

   • The bill allocates $14 million from the state bond proceeds fund to the commissioner of employment and economic development for a grant to the city of Hibbing.
     
   • The funds will be used to acquire property, plan, design, construct, furnish, and equip the facility.
     
   • The facility will serve low-income and disadvantaged individuals in northeast Minnesota.
     
   • The city of Hibbing may enter into a lease or management agreement to operate the facility, subject to Minnesota Statutes, section 16A.695.

2. Bond Sale Authorization:

   • To fund this project, the commissioner of management and budget is authorized to sell and issue state bonds of up to $14 million.
     
   • The issuance of bonds must comply with Minnesota Statutes, sections 16A.631 to 16A.675, and Article XI, Sections 4 to 7 of the Minnesota Constitution.

The bill was referred to the Committee on Capital Investment for further consideration.