SF4158 (Legislative Session 94 (2025-2026))
Greater Minnesota business development public infrastructure grant program bond issue and appropriation
AI Generated Summary
Purpose
The bill provides funding for infrastructure-related grants in Greater Minnesota by using bond-backed financing. It aims to support capital investment in the state’s public infrastructure to help regional economic development.
Main Provisions
- Appropriation: The bill appropriates 10,000,000 dollars from the bond proceeds fund to the Commissioner of Employment and Economic Development (DEED) for grants under the Greater Minnesota business development public infrastructure grant program (as authorized by Minnesota Statutes 116J.431).
- Bond sale: To provide the money, the Commissioner of Management and Budget must sell and issue state bonds in an amount up to 10,000,000 dollars, following the terms of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI sections 4 to 7.
What this changes / Significance
- Expands capital investment funding by directing bond-financed dollars to infrastructure grants aimed at promoting business development in Greater Minnesota.
- Establishes a specific funding level ($10 million) and a formal process for issuing the related bonds, reinforcing how the program is financed and administered.
Implementation and Oversight
- The program and grants are administered under existing statutory authority (116J.431).
- Bond issuance follows established state bonding statutes (16A.631 to 16A.675) and constitutional requirements (Article XI, sections 4–7), with the relevant state agencies (DEED and the Budget/Finance offices) responsible for execution.
Potential Impacts
- Greater Minnesota communities may access grants for public infrastructure projects that support business development and economic growth.
- The bill aligns debt financing with the ongoing capital investment framework used for public infrastructure.
Relevant Terms greater Minnesota business development public infrastructure grant program bond proceeds fund appropriation grants Commissioner of Employment and Economic Development (DEED) bond sale / sale and issue of bonds Minnesota Statutes 116J.431 Minnesota Statutes 16A.631 to 16A.675 Minnesota Constitution article XI sections 4 to 7 capital investment
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 05, 2026 | Senate | Action | Introduction and first reading | ||
| March 05, 2026 | Senate | Action | Referred to | Capital Investment | |
| March 09, 2026 | Senate | Action | Author added |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "References Minnesota Statutes section 116J.431 (Greater Minnesota Business Development Public Infrastructure Grant Program) in connection with a $10,000,000 appropriation for grants under that program.",
"modified": []
},
"citation": "116J.431",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References Minnesota Statutes sections 16A.631 through 16A.675 concerning bond financing procedures for issuing bonds to fund the appropriation in this act.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee