Purpose

The bill would provide funding to support a new tempered vehicle and equipment storage and fueling facility at the Hutchinson Area Transportation Services facility in Hutchinson. It does this by appropriating money and authorizing state bonds to pay for the project.

Main Provisions

• Appropriation: $6,400,000 is appropriated from the bond proceeds fund to the commissioner of transportation. This money may be given as one or more grants to McLeod County, the City of Hutchinson, or both.
• Project scope: The funds are intended for predesign, design, construction, furnishing, and equipping of a tempered vehicle and equipment storage and fueling facility at the Hutchinson Area Transportation Services facility in Hutchinson.
• Bonding authorization: The state would sell and issue bonds up to $6,400,000 to provide the money for the appropriation. The bond sale would follow the terms and effects described in Minnesota Statutes and the Minnesota Constitution.

Financial Mechanism

• Source of funds: Bond proceeds fund.
• Process: The commissioner of management and budget is responsible for selling and issuing the bonds.
• Legal requirements: Bond issuance would follow Minnesota Statutes sections 16A631 to 16A675 and Article XI, sections 4 to 7 of the Minnesota Constitution.

Eligible Recipients and Location

• Eligible recipients: McLeod County, the City of Hutchinson, or both.
• Project location: Hutchinson Area Transportation Services facility, Hutchinson, Minnesota.

Significance and Impact

• Creates a funded path for developing a specialized facility to store, service, and fuel tempered vehicles and equipment used by area transportation services.
• Uses state bonding to finance the project, placing the cost in a long-term debt obligation rather than a one-year appropriation.

Oversight and Implementation

• Administration: The funds would be administered via the Department of Transportation for the specified facility.
• Financing oversight: Bond sales would be overseen by the state’s budget and treasury processes, under applicable state law.

Relevant Terms - bond proceeds fund - appropriation - 6,400,000 - McLeod County - City of Hutchinson - Hutchinson Area Transportation Services facility - tempered vehicle and equipment storage and fueling facility - predesign - design - construct - furnish - equip - grants - bonds - sale and issue bonds - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI sections 4 to 7 - commissioner of transportation - commissioner of management and budget