SF2933

Purpose of the Bill

This legislative bill aims to authorize capital investment for the acquisition and improvement of public lands and buildings across Minnesota. It sets forth conditions for the establishment of new programs, modifies existing ones, and authorizes the sale and issuance of state bonds to finance these objectives.

Main Provisions

• Capital Improvement Appropriations: Allocates funds from bond proceeds and other specified sources to various state agencies to improve public infrastructure.
• Higher Education Investments: Provides funds to the University of Minnesota and Minnesota State Colleges for asset preservation and infrastructure upgrades, including university campus facilities.
• Natural Resources Funding: Supports projects involving state parks, flood hazard mitigation, tree planting, reforestation, and dam renovation.
• Transportation and Infrastructure: Allocates funds for local bridge replacements, road improvements, and public facilities enhancements.
• Public Safety and Health: Funds are distributed for contamination mitigation, drinking water improvements, and the development of health and correctional facilities.
• Cultural and Community Projects: Provides grants for historic preservation, veterans home improvements, and arts education.
• Economic Development and Housing: Allots money for economic infrastructure projects and public housing rehabilitation to support job creation and community development.

Significant Changes to Existing Law

• Bond Issuance Authorization: The bill allows for significant state bond issuance to fund the appropriations. It modifies prior appropriations relevant to the capital investment programs.
• Legislation Amendments and Repeals: Introduces amendments to existing Minnesota statutes and proposes the repeal of certain sections related to appropriations and bond management.

Relevant Terms

• Capital improvement
• State bonds
• Higher Education Asset Preservation and Replacement (HEAPR)
• Flood hazard mitigation
• Infrastructure funding
• Public housing rehabilitation
• Minnesota Pollution Control Agency
• Wetland replacement program
• Americans with Disabilities Act (ADA) compliance
• Minnesota Historical Society