SF5148

Purpose

• Establish a capital investment appropriation to fund a regional veterans memorial in the City of North Branch. The bill provides a one-time funding action through the state budget process.

Main Provisions

• Amount: A one-time appropriation of $200,000 in fiscal year 2027.
• Source: From the General Fund.
• Purpose: To be used as a grant to the City of North Branch to construct a regional veterans memorial.
• Administration: The grant is provided to the City of North Branch through the Commissioner of Employment and Economic Development.
• Availability: The funds are available until the project is completed or abandoned.
• Legal reference: This onetime appropriation is subject to Minnesota Statutes section 16A.642.

Implementing Details

• Program type: Capital investment-related funding.
• Reporting/ compliance: As a one-time appropriation, it does not create ongoing funding, and must follow the statutory availability rules cited (16A.642).

Timing and Availability

• Fiscal Year: 2027.
• Availability window: The appropriation remains available until project completion or abandonment, per the statute referenced.

Significance / Changes to Law

• Change to existing law: Introduces a targeted, one-time capital investment appropriation for a specific local project (the regional veterans memorial in North Branch). It does not create ongoing program funding or broad statutory changes beyond this one-time appropriation.

Relevant Terms

• capital investment
• appropriation
• general fund
• Commissioner of Employment and Economic Development
• grant
• City of North Branch
• regional veterans memorial
• fiscal year 2027
• one-time appropriation
• available until completion or abandonment
• Minnesota Statutes section 16A.642