HF5061

Purpose

The bill would appropriate funds for a regional veterans memorial in the city of North Branch as part of Minnesota’s capital investment program.

Main Provisions

• A one-time appropriation of $200,000 from the general fund in fiscal year 2027.
• The money is appropriated to the commissioner of employment and economic development.
• The funds are for a grant to the City of North Branch to construct a regional veterans memorial.

Funding Details and Administration

• Administration: Grant administered by the commissioner of employment and economic development.
• Use: Construction of the regional veterans memorial in North Branch.

Timeline and Conditions

• Availability: The appropriation is available until the project is completed or abandoned.
• Legal reference: Subject to Minnesota Statutes section 16A.642.

Significance / Changes to Existing Law

• Introduces a new one-time capital investment appropriation for a city project (regional veterans memorial) rather than ongoing funding.
• Uses state capital investment processes and rules for project completion or abandonment.

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Relevant Terms regional veterans memorial North Branch general fund commissioner of employment and economic development grant capital investment appropriation fiscal year 2027 one-time appropriation project completion abandonment Minnesota Statutes section 16A.642