HF4592

Purpose

• To provide capital investment funding for Martin County by appropriating money and authorizing state bonds to renovate an existing county-owned building in Fairmont. The renovation would create new office space for the county’s University of Minnesota Extension, 4-H, and Veterans Services offices.

Main Provisions

• Subdivision 1 – Appropriation:
  • $300,000 is appropriated from the bond proceeds fund to the Commissioner of Employment and Economic Development.
  • The funds are to be granted to Martin County to design, construct, furnish, and equip the renovation of the building to provide new office space for the Extension, 4-H, and Veterans Services offices.
• Subdivision 2 – Bond sale:
  • The Commissioner of Management and Budget must sell and issue state bonds up to $300,000 from the bond proceeds fund.
  • Bond issuance must follow the requirements of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Significance and What It Changes

• Creates a targeted, one-project funding plan for Martin County to improve county government facilities.
• Uses state bond financing (bond proceeds fund) to support local office space improvements for specific programs (Extension, 4-H, Veterans Services).
• Does not change existing law beyond authorizing this particular appropriation and bond sale; follows established state bond issuance procedures.

Funding Source and Process

• Funding source: bond proceeds fund.
• Process: appropriation to Martin County via a state grant; bonds up to $300,000 issued by the state following statutory and constitutional procedures.

Practical Impact

• Martin County gains renovated space for three county programs, potentially improving service delivery to residents served by Extension, 4-H, and Veterans Services.

Relevant Terms - bond proceeds fund - appropriation - grant - Martin County - Fairmont - University of Minnesota Extension - 4-H - Veterans Services - renovation - design - construct - furnish - equip - office space - bond sale - Commissioner of Management and Budget - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7