HF1180

Purpose

• The bill would provide funding to support the Nicollet Avenue Bridge over Minnehaha Creek in Minneapolis. It authorizes a grant to the City of Minneapolis for repair, renovation, and construction of the bridge, using money from the state’s bond proceeds fund.

Main Provisions

• Appropriation (Subdivision 1): $17,000,000 is appropriated from the bond proceeds fund to the Commissioner of Transportation as a grant to the City of Minneapolis for the bridge project. The money is available only when the Commissioner of Management and Budget determines that sufficient resources have been committed from nonstate sources to complete the project.
• Bond Sale (Subdivision 2): The Commissioner of Management and Budget must sell and issue state bonds up to $17,000,000 to fund the appropriation, under the terms and effects set by Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Funding Mechanism and Conditions

• Source of funds: Bond proceeds fund.
• Condition for availability: Nonstate funding commitments must be in place to complete the project, as determined by the Commissioner of Management and Budget.
• Process: State bonds up to $17,000,000 will be issued to finance the appropriation, in accordance with applicable statutes and constitutional provisions.

Significance and Impact

• This bill would expand capital investments in transportation infrastructure by providing a dedicated funding mechanism and bond authorization for the Nicollet Avenue Bridge project in Minneapolis.
• It links state bonding to a local bridge project and establishes a mechanism to ensure nonstate funding commitments accompany the state investment.

Significant Changes to Law

• Adds a new appropriation of $17,000,000 from the bond proceeds fund for a Minneapolis bridge project.
• Creates authorization to issue up to $17,000,000 in state bonds for this purpose, conditioned on nonstate funding commitments and in compliance with specified statutes and constitutional provisions.

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Relevant Terms - Nicollet Avenue Bridge - Minnehaha Creek - City of Minneapolis - grant - repair - renovation - construction - bridge project - bond proceeds fund - appropriation - nonstate sources / nonstate funding - Commissioner of Transportation - Commissioner of Management and Budget - bond sale / sale and issue of bonds - $17,000,000 (seventeen million) - Minneapolis - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, Sections 4 to 7 - capital investment / capital investment appropriation