HF3852

Purpose

• This bill would provide funding to build the Root River State Trail from the city of Preston to the city of Carimona.

Main Provisions

• Subdivision 1 – Appropriation: It appropriates $6,000,000 from the bond proceeds fund to the Minnesota Department of Natural Resources (DNR) for the construction of the Root River State Trail from Preston to Carimona, under Minnesota Statutes section 85.015.
• Subdivision 2 – Bond Sale: It requires the Commissioner of Management and Budget to sell and issue bonds up to $6,000,000 to finance the appropriation, using the standard bond issuance process defined in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Financing and Legal Authority

• Source of funds: Bond proceeds fund.
• Financing mechanism: Issuance and sale of state bonds up to $6,000,000 to pay for trail construction.
• Oversight: The appropriation is for the DNR, with financing conducted under the specified statutes and constitutional provisions.

Significance and Potential Impact

• Establishes a specific capital investment for a recreation infrastructure project (the Root River State Trail).
• Uses general obligation bonds to fund the project, creating a debt financing obligation under state law.
• Aligns the funding with existing statutory and constitutional debt issuance processes.

Notable Terms (key concepts from the bill)

• Root River State Trail
• Preston
• Carimona
• Appropriation
• Bond proceeds fund
• Bonds / bond sale
• Commissioner of Natural Resources
• Commissioner of Management and Budget
• Minnesota Statutes § 85.015
• Minnesota Statutes §§ 16A.631–16A.675
• Minnesota Constitution Article XI, sections 4–7

Relevant Terms - Root River State Trail - Preston - Carimona - appropriation - bond proceeds fund - bonds - bond sale - Commissioner of Natural Resources - Commissioner of Management and Budget - Minnesota Statutes § 85.015 - Minnesota Statutes §§ 16A.631–16A.675 - Minnesota Constitution Article XI, §§ 4–7