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SF4490 (Legislative Session 94 (2025-2026))

Caledonia new public library bond issue and appropriation

Related bill: HF4427

AI Generated Summary

Purpose

The bill would authorize state funding to help build a new public library in the city of Caledonia. It does this by appropriating money and authorizing the sale of state bonds to cover the project costs.

Main Provisions

  • Subdivision 1 – Appropriation:
    • The state would set aside $1,875,000 from the bond proceeds fund.
    • This money would go to the commissioner of education as a grant to the City of Caledonia.
    • The grant is for predesign, design, construction, furnishing, and equipping a new public library in Caledonia.
  • Subdivision 2 – Bond Sale:
    • The commissioner of management and budget would issue and sell state bonds up to $1,875,000 to finance the appropriation.
    • Bond issuance would follow the specified procedures under Minnesota law and the state constitution.

Legal Authority and Compliance

  • The bond funding and project would be conducted under Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI sections 4 to 7.
  • The project involves a grant from the education department to the City of Caledonia for the library construction.

Impact and What It Seeks to Accomplish

  • Creates funding for the Caledonia public library project, enabling local development of library facilities through a state grant.
  • Uses state debt (bonds) to finance the project, with the local city receiving funds via a grant administered by the commissioner of education.

Significant Changes to Existing Law

  • Establishes a new appropriation and debt-issuance authorization specifically for a Caledonia public library project.
  • Does not appear to alter other programs but adds a new capital investment and bond-financing pathway for this local project, governed by existing bond and constitutional provisions.

Summary of Financial Details

  • Amount: $1,875,000
  • Source: bond proceeds fund
  • Recipient: City of Caledonia (via grant from the commissioner of education)

Oversight and Process

  • Bonds would be sold and issued under the standard state bond procedures.
  • The project must comply with the referenced statutes and constitutional provisions.

Relevant Terms - bond proceeds fund - grant - City of Caledonia - predesign - design - construct - furnish - equip - new public library - capital investment - appropriation - state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - commissioner of education - commissioner of management and budget - Caledonia

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 17, 2026SenateActionIntroduction and first reading
March 17, 2026SenateActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Cites Minnesota Statutes sections 16A.631 to 16A.675 as the framework governing the sale of state bonds to fund the Caledonia public library project.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": "Subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Cites Minnesota Statutes sections 16A.631 to 16A.675 as the framework governing the bond sale amount (up to $1,875,000) for the Caledonia library project.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": "Subdivision 2"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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