SF4098

Purpose

• Provide funding to build the Root River State Trail from the city of Preston to the city of Carimona.
• Authorize the sale of state bonds to finance this project.

Main Provisions

• Subdivision 1 – Appropriation: This bill appropriates 6,000,000 from the bond proceeds fund to the commissioner of natural resources for constructing the Root River State Trail from Preston to Carimona.
• Subdivision 2 – Bond sale: The commissioner of management and budget must sell and issue state bonds up to 6,000,000 to provide the money appropriated, following applicable state laws and constitutional rules.
• Section 1: The appropriation is to be used for the construction of the Root River State Trail between Preston and Carimona, under Minnesota Statutes section 85.015.

Financing and Bonding Details

• Source of funds: Bond proceeds fund.
• Bond authorization: Bonds totaling up to 6,000,000 may be issued to finance the project.
• Governing rules: Bond issuance and management must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution Article XI, sections 4 to 7.

Relation to Existing Law and Agencies

• The project uses existing authority for state trail construction (Root River State Trail) and relies on the statutory framework for highway/trail financing and bond issuance.
• Agencies involved: Minnesota Department of Natural Resources (for construction) and the Governor’s Office (via the Commissioner of Management and Budget for bond sales).

Potential Impacts

• Increases capital investment in outdoor recreation infrastructure.
• Creates state debt through bond issuance to fund the trail construction.
• Potential economic and tourism effects along the Root River corridor once completed.

Significance Summary

• This bill aims to advance outdoor recreation infrastructure by funding a specific trail segment (Preston to Carimona) through a bond-supported appropriation, aligning with existing state laws on appropriations and debt issuance.

Relevant Terms - Root River State Trail - Preston - Carimona - Appropriation - Bond proceeds fund - Commissioner of Natural Resources - Commissioner of Management and Budget - Bonds / Bond sale - Minnesota Statutes § 85.015 - Minnesota Statutes §§ 16A.631–16A.675 - Minnesota Constitution Article XI, sections 4–7 - Capital investment - State trail construction