HF296

HF296 (Legislative Session 94 (2025-2026))

Hibbing; Carey Lake Recreation Area improvement funding provided, bonds issued, and money appropriated.

Related bill: SF858

AI Generated Summary

Purpose

To provide funding for improvements at Carey Lake Recreation Area in the city of Hibbing by authorizing a state bond financing and a grant to Hibbing.

Main Provisions

Subd. 1 – Appropriation:
- Amount: 5,200,000 from the bond proceeds fund.
- Recipient: City of Hibbing (via a grant to the city, administered by the commissioner of employment and economic development).
- Use: To design, construct, furnish, and equip improvements and amenities that enhance recreational opportunities at Carey Lake Recreation Area.
- Specific improvements included: beach area, campground, park roads, new ski bike trails and multipurpose trails, and other site improvements to park facilities and infrastructure.
Subd. 2 – Bond Sale:
- Authorization to sell and issue bonds up to 5,200,000 to fund the appropriation.
- Funding process must follow Minnesota Statutes 16A.631 to 16A.675 and Minnesota Constitution Article XI, sections 4 to 7.

What the Bill Seeks to Accomplish

Modernize and expand recreational facilities at Carey Lake Recreation Area to improve access and opportunities for residents and visitors.
Use bond financing to fund the project, spreading the cost over time rather than paying upfront.

Significant Changes to Existing Law

Creates a new appropriation of 5.2 million from the bond proceeds fund for a grant to Hibbing to fund specific park improvements.
Requires the sale and issuance of bonds up to 5.2 million under existing bond statutes and constitutional provisions; does not modify those laws but leverages them to finance this project.

Fiscal and Implementation Notes

The project is financed through state bond proceeds, with repayment or funding obligations established under existing bond statutes.
Management and oversight involve the commissioner of employment and economic development (grant administration) and the commissioner of management and budget (bond sale).

Relevant Terms - Carey Lake Recreation Area - Hibbing - City of Hibbing - Beach area - Campground - Park roads - Ski bike trails - Multipurpose trails - Site improvements - Park facilities and infrastructure - Bond proceeds fund - Grant - Design, construct, furnish, and equip - Commissioner of Employment and Economic Development - Commissioner of Management and Budget - Bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7

Bill text versions

Introduction PDF file
Introduction PDF PDF file

Past committee meetings

Capital Investment on: April 24, 2025 09:00

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 10, 2025	House		Action	Introduction and first reading, referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill authorizes the sale and issuance of state bonds in an amount up to 5,200,000 in accordance with Minnesota Statutes sections 16A.631 to 16A.675.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Progress through the legislative process

17%

In Committee