Purpose

This bill would authorize a state-funded capital investment by providing a $12 million bond-backed grant to Itasca County for renovating and expanding the Itasca County Family YMCA facility in Grand Rapids. The project would cover predesign, design, construction, furnishing, and equipping, and is subject to applicable Minnesota statutes.

Main Provisions

• Appropriation: $12,000,000 is appropriated from the bond proceeds fund to the commissioner of employment and economic development to grant to Itasca County for the renovation and expansion of the Itasca County Family YMCA facility in Grand Rapids. Activities include predesign, design, construction, furnishing, and equipping. The appropriation is subject to Minnesota Statutes section 16A.695.
• Bond sale: The money appropriated will be provided by selling and issuing state bonds in an amount up to $12,000,000. The sale and terms must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI, sections 4 to 7.

Significant Changes to Existing Law

• Establishes a new capital investment appropriation and bond authorization specifically for the Itasca County Family YMCA facility renovation and expansion.
• Creates a state bonding action (up to $12 million) to fund the project via the bond proceeds fund, aligned with existing bond statutes and constitutional requirements.

Section Details (brief)

• Section 1, Subdivision 1: Creates the appropriation of $12,000,000 to the commissioner of employment and economic development for a grant to Itasca County for the YMCA project (design, construction, furnishing, and equipping), with the project subject to 16A.695.
• Section 1, Subdivision 2: Requires the commissioner of management and budget to sell and issue up to $12,000,000 in state bonds to fund the appropriation, under the terms of 16A.631 to 16A.675 and the Minnesota Constitution.

Practical Impact

• The state would provide a significant local funding grant for a public community facility, financed through bonds.
• The project would proceed according to state law and bond issuance procedures, ensuring oversight and statutory compliance.

Terminology and concepts to watch

• Itasca County Family YMCA facility, Grand Rapids
• predesign, design, construct, furnish, equip, renovation, expansion
• grant to Itasca County
• bond proceeds fund
• appropriation
• bonds sale / bond issue
• Minnesota Statutes 16A.695, 16A.631-16A.675
• Minnesota Constitution Article XI, sections 4-7

Relevant Terms Itasca County Family YMCA facility; Grand Rapids; predesign; design; construct; furnish; equip; renovation and expansion; grant; Itasca County; bond proceeds fund; appropriation; 12,000,000; bonds; bond sale; commissioner of management and budget; commissioner of employment and economic development; Minnesota Statutes 16A.695; Minnesota Statutes 16A.631-16A.675; Minnesota Constitution Article XI sections 4-7; capital investment.