HF5037

Purpose

Provide funding to replace a bridge on Meeker County StateAid Highway 26 over the South Fork Crow River, by making a state grant to Meeker County and authorizing the sale of state bonds to cover the project costs.

Key Provisions

• Appropriation: An amount of 900,000 is appropriated from the bond proceeds fund to the commissioner of transportation to grant to Meeker County for constructing a new bridge on Meeker County StateAid Highway 26 over the South Fork Crow River, replacing Bridge No. 47504.
• Bonding: The commissioner of management and budget must sell and issue state bonds for up to 900,000 from the bond proceeds fund, under the terms specified by Minnesota law (statutes 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Funding Mechanism

• The project is funded through bond proceeds, with the state issuing bonds to raise the 900,000 necessary for the grant to the county.
• The grant is provided to Meeker County for bridge construction, administered through the state's transportation department.

Project Details

• Location: Meeker County StateAid Highway 26
• Purpose: Construction of a new bridge over the South Fork Crow River to replace the existing Bridge No. 47504
• Beneficiary: Meeker County

Legal/Process Implications

• This is a targeted capital investment for a specific infrastructure project.
• It requires adherence to state bonding processes and constitutional provisions governing bond sales.
• The authorization creates a new, dedicated funding mechanism (bond proceeds fund) for this project, but does not broadly change other laws beyond enabling the appropriation and bond issuance.

Potential Impacts

• Accelerates bridge replacement and roadway infrastructure in Meeker County.
• Uses debt financing (state bonds) to fund the project, with repayment driven by state bond programs and budgetary processes.

Relevant Terms - bond proceeds fund - grant - Meeker County - StateAid Highway 26 - South Fork Crow River - Bridge No. 47504 - commissioner of transportation - commissioner of management and budget - bond sale / issuance - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7 - infrastructure funding - capital investment