HF3848

Purpose

To provide funding for a local infrastructure project in Virginia, Minnesota. The bill would grant money to the city for designing and rebuilding a key street ( Sixth Avenue) and the nearby utilities, in order to support redevelopment of a former municipal steam plant site. It also authorizes the state to issue bonds to raise the money needed for this grant.

Main Provisions

• Subdivision 1 – Appropriation: $4,000,000 is allocated from the bond proceeds fund to the commissioner of employment and economic development. The money is for a grant to the city of Virginia to cover design and reconstruction of Sixth Avenue. The project includes relocating and upgrading municipal water, sanitary sewer, and stormwater management infrastructure to support redevelopment of the decommissioned municipal steam plant site.
• Subdivision 2 – Bond sale: To fund the appropriation, the commissioner of management and budget must sell and issue up to $4,000,000 in state bonds. Bond terms follow the state’s bonding laws (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Financial Details

• Total amount: $4,000,000.
• Funding source: bond proceeds fund.
• Use: grant to the City of Virginia for design and reconstruction of Sixth Avenue and its related utility upgrades to enable redevelopment of a former steam plant site.
• Financing mechanism: sale and issuance of state bonds up to $4,000,000 under existing statutory and constitutional authority.

Implementation and Oversight

• Lead state agencies:
  • Department of Employment and Economic Development administers the grant to the City of Virginia.
  • Department of Management and Budget handles the sale and issuance of bonds to raise the funds, in accordance with applicable statutes and constitutional provisions.

Relationship to Existing Law / Changes

• This bill creates a new appropriation and debt authority specifically for this project.
• It relies on existing bonding statutes (Minnesota Statutes 16A.631–16A.675) and the Minnesota Constitution (Article XI, sections 4–7) for how the bonds are issued and secured.
• It does not appear to alter other laws beyond enabling this specific grant and related bond financing.

Local impact

• Focuses on infrastructure improvements in Virginia, including Sixth Avenue and associated water, sewer, and stormwater upgrades.
• Supports redevelopment of a cleared or decommissioned municipal steam plant site, potentially influencing local redevelopment and economic activity.

Relevant Terms - bond proceeds fund - grant - city of Virginia - Sixth Avenue - design and reconstruction - relocation and upgrades - municipal water - sanitary sewer - stormwater management infrastructure - redevelopment - decommissioned municipal steam plant site - bond sale - bonds - $4,000,000 - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7