HF571

Purpose

• The bill aims to fund public infrastructure for a specific housing project in Chisholm, Minnesota. It does this by providing a grant funded from state bond proceeds to support the design and construction of street and utility infrastructure.

Main Provisions

• Subdivision 1 – Appropriation:
  • Allocates 300,000 from the bond proceeds fund.
  • The money goes to the commissioner of employment and economic development (DEED) as a grant to the city of Chisholm.
  • The grant is for designing and constructing street and utility infrastructure for the Wenton Addition housing development in Chisholm.
• Subdivision 2 – Bond sale:
  • To fund this appropriation, the commissioner of management and budget shall sell and issue up to 300,000 in state bonds.
  • Bond issuance follows Minnesota statute sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

How the Money and Process Work

• Source of funds: bond proceeds fund.
• Recipient: city of Chisholm, through a grant administered by DEED.
• Used for: design and construction of street and utility infrastructure for a housing development (Wenton Addition).

Significant Changes to Existing Law

• Creates a new targeted appropriation for public infrastructure tied to a specific housing development.
• Establishes authority to issue state bonds (up to 300,000) to fund the appropriation.
• References and relies on existing bond-related statutes (Minnesota Statutes 16A.631–16A.675) and constitutional provisions (Article XI) for the mechanics of the bond sale.
• Does not alter other programs or statutes beyond adding this specific funding and bond authority.

Relevant Terms - bond proceeds fund - appropriation - grant - city of Chisholm - Wenton Addition housing development - street and utility infrastructure - design and construct - Minnesota Department of Employment and Economic Development (DEED) - commissioner of management and budget - bonds / state bonds - bond sale - up to 300,000 - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7 - public infrastructure - capital investment