HF3365

Purpose

• This bill intends to fund a new Robbinsdale public works facility by providing a $20,000,000 grant to the city and authorizing the sale of state bonds to cover the cost.

Main Provisions

• Subdivision 1 — Appropriation: Allocates $20,000,000 from the bond proceeds fund to the commissioner of employment and economic development to provide a grant to the city of Robbinsdale for designing and constructing a new public works facility.
• Subdivision 2 — Bond Sale: Requires the commissioner of management and budget to sell and issue bonds up to $20,000,000 to finance the appropriation, in accordance with Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

How it changes existing law

• Adds a new capital investment project and funding mechanism by earmarking $20,000,000 from the bond proceeds fund for Robbinsdale’s public works facility and authorizing the sale of bonds to finance that appropriation. It ties the project to existing bond and constitutional authorization processes.

Fiscal Impact

• Financial outlay of $20,000,000, backed by state bonds.

Beneficiaries and Implementation

• Beneficiary: City of Robbinsdale.
• Implementation roles: Grant administered through the Department of Employment and Economic Development; bond issuance managed by the Department of Management and Budget.

Oversight and Compliance

• Bond issuance must follow the terms and effects prescribed by Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution Article XI sections 4 to 7.

Summary of the Project

• The bill authorizes a capital investment project for Robbinsdale, funded by a state grant for design and construction of a new public works facility and financed by issuing up to $20,000,000 in state bonds.

Relevant Terms - bond proceeds fund - appropriation - grant - city of Robbinsdale - public works facility - design and construct - commissioner of employment and economic development - commissioner of management and budget - sale and issuance of bonds - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7