SF5135

Purpose

• Authorizes a capital investment appropriation to fund rehabilitation work on portions of the Gateway State Trail.
• Targets improvements to be made within the cities of St. Paul, Maplewood, North St. Paul, and Oakdale.

Main Provisions

• Subdivision 1 (Appropriation): Appropriates $2,300,000 from the bond proceeds fund to the commissioner of natural resources to construct and equip improvements necessary for rehabilitating portions of the Gateway State Trail in the specified cities.
• Subdivision 2 (Bond Sale): Directs the commissioner of management and budget to sell and issue state bonds up to $2,300,000 to finance the appropriation, under the terms and effects described by the referenced statutes and the state constitution.

Funding and Financing Details

• The money comes from the bond proceeds fund.
• Bond issuance must follow Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

Legal Authority and Compliance

• The bill creates a financing mechanism (bond sale) tied to an appropriation for trail rehabilitation.
• It relies on existing state law and constitutional provisions to authorize and govern the bond issuance.

Relevant changes to existing law (summary) - Establishes a new appropriation and debt-financing plan specifically for Gateway State Trail rehabilitation, using bond proceeds and requiring adherence to established bonding statutes and constitutional provisions.

Relevant Terms Gateway State Trail appropriation bond proceeds fund commissioner of natural resources rehabilitation construction equipment St. Paul Maplewood North St. Paul Oakdale bond sale commissioner of management and budget bonds Minnesota Statutes 16A.631 to 16A.675 Minnesota Constitution article XI sections 4 to 7