HF1113

Purpose

• Authorizes a capital investment project in Washington County by providing funding for a public works facility, specifically a public works south shop and an environmental center.

Main Provisions

• Subdivision 1 – Appropriation:
  • $10,000,000 is appropriated from the bond proceeds fund.
  • The money goes to the commissioner of employment and economic development.
  • Purpose: to grant Washington County for the design and construction of a public works south shop and environmental center.
• Subdivision 2 – Bond Sale:
  • To raise the funds, the commissioner of management and budget must sell and issue state bonds up to $10,000,000.
  • Bond issuance must follow the terms and effects prescribed by Minnesota Statutes sections 16A.631 to 16A.675 and by the Minnesota Constitution article XI sections 4 to 7.

Effects and Implications

• Creates a new funding stream for a local public works facility and environmental center by using state bond financing.
• Directs the funding mechanism through the bond proceeds fund and requires a formal bond sale process overseen by the appropriate state budget and economic development agencies.
• No explicit changes to existing law beyond authorizing this specific appropriation and bond issuance for the project.

Oversight and Compliance

• The bond sale must comply with the specified statute sections and constitutional provisions governing state debt and bond issuance.

Summary of Financial Mechanism

• Funding source: bond proceeds fund.
• Recipient: Washington County (via a grant to support design and construction).
• Project: public works south shop and environmental center.
• Financing method: state bonds up to $10,000,000.

Relevant Terms - appropriation - bond proceeds fund - grant - Washington County - design and construction - public works south shop - environmental center - bond sale / bonds - commissioner of management and budget - commissioner of employment and economic development - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7 - capital investment - public infrastructure financing