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SF253 (Legislative Session 94 (2025-2026))

Wright Technical Center capital improvements bond issue and appropriation

AI Generated Summary

Purpose

  • To provide funding for capital improvements at Wright Technical Center in Buffalo and to authorize the sale of state bonds to pay for those improvements.

Main Provisions

  • Subdivision 1 — Appropriation:
    • An amount of 9,500,000 is appropriated from the bond proceeds fund to the commissioner of education.
    • The funds are for a grant to Wright Technical Center to predesign, design, construct, renovate, furnish, and equip improvements and betterments of a capital nature at Wright Technical Center and its affiliated facilities in Buffalo.
    • Projects may include preserving or replacing mechanical, electrical, and security systems; upgrading utility infrastructure; and site renovations to support ongoing operations.
  • Subdivision 2 — Bond Sale:
    • The commissioner of management and budget must sell and issue state bonds up to 9,500,000 to finance the appropriation.
    • Bond issuance must follow the terms and effects of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Effects and Intent

  • The bill enables a substantial capital investment in Wright Technical Center and its facilities to modernize and maintain essential infrastructure and operations.
  • It uses the existing state bonding framework to finance the project (no new borrowing rules are created).

Significant Changes to Existing Law

  • No changes to statutes or constitutional provisions are proposed; the bill allocates funding and authorizes bond issuance under current law.

Relevant Terms - Wright Technical Center - Buffalo - capital improvements - grant - predesign - design - construct - renovate - furnish - equip - improvements and betterments of a capital nature - mechanical systems - electrical systems - security systems - utility infrastructure - site renovations - ongoing operations - bond proceeds fund - bond sale - Commissioner of Education - Wright Technical Center grant - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 16, 2025SenateActionIntroduction and first reading
January 16, 2025SenateActionReferred toCapital Investment
February 20, 2025SenateActionWithdrawn and returned to author

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References Minnesota Statutes governing state bond sales (sections 16A.631 through 16A.675) to authorize and structure the sale of up to $9,500,000 for Wright Technical Center capital improvements.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Progress through the legislative process

Failed

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