SF526 (Legislative Session 94 (2025-2026))
Chisholm public works maintenance facility bond issue and appropriation
Related bill: HF572
AI Generated Summary
Purpose
- The bill aims to fund a new public works maintenance facility in the City of Chisholm by providing a state grant and authorizing state bond financing.
Main Provisions
- Subdivision 1 – Appropriation: The bill appropriates 3,000,000 from the bond proceeds fund to the commissioner of employment and economic development to grant to the City of Chisholm. The grant is for designing, constructing, furnishing, and equipping a new public works maintenance facility. The grant does not require a nonstate match.
- Subdivision 2 – Bond Sale: To raise the money, the commissioner of management and budget must sell and issue state bonds up to 3,000,000, following the terms and effects described in specific Minnesota bond laws and the state constitution (Minnesota Statutes 16A631 to 16A675 and Constitution article XI, sections 4 to 7).
Funding and Financing Details
- Source: bond proceeds fund
- Amount: up to 3,000,000
- Purpose: grant to the City of Chisholm for a new public works maintenance facility (design, construction, furnishings, equipment)
- Match requirements: no nonstate (local) matching funds required
- Financing mechanism: state bonds issued by the state treasurer under established statutes and constitutional authority
Agencies Involved
- Grant recipient: City of Chisholm
- Grantor/Administrator: Commissioner of Employment and Economic Development
- Bond issuer: Commissioner of Management and Budget
- Oversight: Governed by state bond laws and the Minnesota Constitution
Significance and Potential Impact
- Targets local infrastructure: supports a public works facility in Chisholm, potentially improving local government operations and public works capacity.
- Increased state bonding activity: authorizes up to 3 million in new state bonds to finance the project.
- Local funding requirement: no requirement for local/state matching funds, making the project more readily fundable for the city under this program.
Related Legal Framework
- Bond issuance must follow Minnesota Statutes sections 16A631 to 16A675
- Bonding authority also tied to Minnesota Constitution Article XI, sections 4 to 7
Relevant terms - appropriation - bond proceeds fund - grant - City of Chisholm - public works maintenance facility - design, construct, furnish, equip - no nonstate match - bond sale / bonds - commissioner of employment and economic development - commissioner of management and budget - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI (sections 4 to 7) - capital investment - state bonds
Relevant Terms - bond proceeds fund - grant to city - public works facility - design and construction - financing by bonds - no local match - state agencies - Chisholm infrastructure
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 23, 2025 | Senate | Action | Introduction and first reading | ||
| January 23, 2025 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Appropriation of $3,000,000 to the City of Chisholm for a new public works maintenance facility (design, construction, furnishing, and equipping).",
"Bond sale authority of up to $3,000,000 from the bond proceeds fund."
],
"removed": [
""
],
"summary": "This bill section authorizes a $3,000,000 appropriation from the bond proceeds fund to the City of Chisholm for a public works maintenance facility (design, construction, furnishing, and equipping), and provides for the sale of state bonds up to $3,000,000 under Minnesota Statutes sections 16A631 to 16A675.",
"modified": [
"Notwithstanding prior requirements, this appropriation does not require a nonstate match."
]
},
"citation": "Minnesota Statutes 16A631 to 16A675",
"subdivision": ""
}
]Progress through the legislative process
In Committee