HF1929

Purpose

Provide state funding and bonding authority to improve the Coon Rapids Dam on the Mississippi River. The bill aims to enhance the dam’s structural integrity, safety, and operational capabilities through capital improvements.

Main Provisions

• Appropriation and grant

  • $7,084,000 is appropriated from the bond proceeds fund to the commissioner of natural resources.
  • The money is for a grant under Minnesota Statutes sections 103G.511 and 103G.515 to the Three Rivers Park District.
  • The grant is for the Three Rivers Park District to design, engineer, and construct improvements and betterments of a capital nature to the Coon Rapids Dam.
  • The goal of these improvements is to improve the dam’s structural integrity, safety, and operating capabilities.

• Bond financing

  • The commissioner of management and budget must sell and issue bonds in an amount up to $7,084,000 to fund the appropriation.
  • Bond issuance follows the terms and effects set by Minnesota Statutes sections 16A.631 to 16A.675 and by the Minnesota Constitution, Article XI, sections 4 to 7.

Significant Changes to Existing Law

• Establishes a new appropriation from the bond proceeds fund specifically for improvements to the Coon Rapids Dam.
• Authorizes the state to issue bonds to finance these improvements, with compliance to the specified statutory and constitutional bonding processes.
• Directs grant funding from the state to the Three Rivers Park District via the Department of Natural Resources for capital design, engineering, and construction work on the dam.

Relevant Terms

• appropriation
• bond proceeds fund
• grant
• Three Rivers Park District
• Coon Rapids Dam
• design
• engineer/engineering
• construct
• improvements and betterments of a capital nature
• structural integrity
• safety
• operational capabilities
• Mississippi River
• Minnesota Statutes 103G.511 and 103G.515
• bond sale / bonds
• commissioner of management and budget
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI, sections 4 to 7

Relevant Terms (plain list for quick reference): appropriation, bond proceeds fund, grant, Three Rivers Park District, Coon Rapids Dam, design, engineer, construct, improvements, capital nature, structural integrity, safety, operating capabilities, Mississippi River, 103G.511, 103G.515, bond sale, bonds, commissioner of management and budget, 16A.631-16A.675, Minnesota Constitution Article XI.