HF4275

Purpose

The bill authorizes a capital investment by the state to support the expansion and renovation of the History Center of Olmsted County Museum facility. It provides a grant to Olmsted County funded by state bond proceeds, with the goal of designing, constructing, furnishing, and equipping the expanded and renovated facility.

Main Provisions

• Subdivision 1 – Appropriation: The sum of 4,000,000 is appropriated from the bond proceeds fund to the commissioner of employment and economic development (DEED) to grant Olmsted County the money needed to design, construct, furnish, and equip the expansion and renovation of the Olmsted County History Center Museum facility. This appropriation is subject to Minnesota law, specifically section 16A.695.1.
• Subdivision 2 – Bond Sale: The commissioner of management and budget must sell and issue state bonds up to 4,000,000 to finance the appropriation. The bond sale follows the terms and effects set out in Minnesota Statutes sections 16A.631 to 16A.675 and in the Minnesota Constitution, article XI, sections 4 to 7.

What the Bill Seeks to Accomplish

• Provide funding to expand and upgrade the local history museum facility to improve its capacity, facilities, and equipment.
• Use state debt (bond financing) to support the project, with the funds allocated as a grant to Olmsted County through DEED.

Significant Changes to Existing Law

• Establishes a new appropriation of 4,000,000 from the bond proceeds fund for Olmsted County’s museum project.
• Creates or requires issuance of state bonds up to 4,000,000 to support this appropriation, aligning with existing bond issuance statutes and constitutional authorization for debt-financed capital projects.
• Ties the funding to the expansion and renovation of a specific local facility (History Center of Olmsted County Museum), pending application of applicable state procurement and debt guidelines.

Implications and Context

• This is a local public capital project funded through state bond debt, channeling a grant to Olmsted County for a facility expansion and modernization.
• It relies on established state debt and appropriations processes, including the specified statutes and constitutional authority for bond issuance.

Terminology and Key Concepts (for clarity)

• Appropriation, bond proceeds fund, grant, Olmsted County, History Center of Olmsted County Museum facility, expansion, renovation, design, construct, furnish, equip, state bonds, bond sale, Minnesota Statutes sections 16A.631 to 16A.675, Minnesota Statutes section 16A.695.1, Minnesota Constitution article XI.

Relevant Terms - appropriation - bond proceeds fund - grant - Olmsted County - History Center of Olmsted County Museum facility - expansion - renovation - design - construct - furnish - equip - bond sale - state bonds - Minnesota Statutes 16A.631-16A.675 - Minnesota Statutes 16A.695.1 - Minnesota Constitution Article XI (sections 4-7)