HF5041

Purpose

This bill aims to fund a new recreational project in Itasca County. It provides money from state bond proceeds to build a recreational trail along marked U.S. Highway 2 in the city of Warba, specifically from 1st Avenue North to Itasca County Road 426. It also authorizes the sale of state bonds to finance this project.

Main Provisions

• Appropriation: Allocates 275,000 from the bond proceeds fund to the commissioner of transportation to grant Itasca County for constructing the recreational trail along U.S. Highway 2 in Warba (from 1st Avenue North to Itasca County Road 426).
• Bonding authorization: Requires the commissioner of management and budget to sell and issue state bonds up to 275,000 to fund the appropriation, under the terms and effects described by relevant law and the state constitution.

Funding Source and Bonding Details

• Funding source: Bond proceeds fund.
• Bond amount: 275,000.
• Bond management: Bonds issued by the state under Minnesota statutes 16A.631 to 16A.675 and the Minnesota Constitution Article XI, sections 4 to 7.

Location and Scope

• Area: Itasca County, Minnesota.
• Project location: Along marked U.S. Highway 2 in the city of Warba, from 1st Avenue North to Itasca County Road 426.

Process and Oversight

• The grant is awarded by the commissioner of transportation to Itasca County.
• Bonding and financing are governed by specified state statutes and constitutional provisions.

Significance and Impact

• This is a capital investment project intended to expand outdoor recreation infrastructure.
• Uses state bonds to support local infrastructure improvements along a public highway, potentially benefiting residents and visitors.

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Relevant Terms - Itasca County - U.S. Highway 2 - Warba - recreational trail - grant - commissioner of transportation - bond proceeds fund - bond sale / bonds - 275,000 - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - 1st Avenue North - Itasca County Road 426 - capital investment - appropriation