HF866

Purpose

• Authorizes funding and debt authority to reconstruct 34th Street in Slayton, from Juniper Avenue to 160th Avenue.
• Provides a grant from the state to the City of Slayton to pay for predesign, design, engineering, construction, and equipment for the project.
• Uses state bond financing to fund the project.

Key Provisions

• Subdivision 1 – Appropriation: $2,500,000 is appropriated from the bond proceeds fund to the commissioner of transportation as a grant to the City of Slayton. The funds are meant to cover predesign, design, engineering, construction, and equipment for the reconstruction of 34th Street.
• Subdivision 2 – Bond Sale: To provide the money, the commissioner of management and budget shall sell and issue state bonds up to $2,500,000 under the specified statutory and constitutional framework (Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7).

Effects on Law and Financing

• Creates a targeted appropriation for a local infrastructure project and ties it to state debt financing.
• Requires the state to issue bonds up to $2,500,000 to fund the grant, following existing bond sale procedures and constitutional provisions.
• No broad changes to general law are enacted; the bill uses existing bond issuance processes to finance a specific local project.

Geographic and Entity Scope

• Geographic scope: City of Slayton, Minnesota, for 34th Street reconstruction from Juniper Avenue to 160th Avenue.
• Participating entities: City of Slayton; state agencies including the commissioner of transportation and the commissioner of management and budget.

Summary of What It Seeks to Accomplish

• Facilitate the reconstruction of a city street by providing a state grant funded through a bond issuance, enabling predesign, design, engineering, construction, and equipment for the project.

Relevant Terms - appropriation - bond proceeds fund - grant - City of Slayton - 34th Street reconstruction - Juniper Avenue - 160th Avenue - predesign - design - engineer - construct - equip - bond sale - bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7 - commissioner of transportation - commissioner of management and budget - capital investment - Slayton infrastructure