SF2064

Purpose

This bill is a capital investment measure to preserve the historic Forestville Bridge in Fillmore County. It authorizes funding and financing to support a rehabilitation project for the bridge.

Main Provisions

• Subdivision 1 – Appropriation: The bill appropriates $1,993,000 from the bond proceeds fund to the commissioner of natural resources (DNR) to provide a grant to Fillmore County. The funds are for the design, engineering, and construction of the rehabilitation of the historic Forestville Bridge.
• Subdivision 2 – Bond sale: To provide the $1,993,000, the commissioner of management and budget would sell and issue state bonds up to $1,993,000 under the state’s bonding process and rules, and in line with the referenced statutes and constitutional provisions.

Funding and Financing Details

• The money comes from the bond proceeds fund.
• The sale and issuance of bonds would be governed by Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Relationship to Existing Law / Changes

• Creates a new appropriation for the Forestville Bridge project and authorizes the state to issue bonds to fund it.
• Relies on existing bonding processes and statutory/constitutional requirements; does not introduce other broad legal changes beyond enabling this specific funding and bond issuance for the project.

What This Would Achieve

• Provides a formal, funded plan to preserve an historic infrastructure asset (the Forestville Bridge) through a grant to a local government (Fillmore County) with state-level support for design, engineering, and construction work.

Potential Implications

• Increases state debt in the near term through bond issuance (up to $1,993,000) to support a local infrastructure preservation project.
• Creates responsibilities for the DNR to administer the grant and ensure project progress in coordination with Fillmore County.

Relevant Terms - Forestville Bridge - historic preservation - Fillmore County - commissioner of natural resources (DNR) - grant - design and engineering - rehabilitation - bond proceeds fund - bond sale / state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4-7 - commissioner of management and budget - appropriation - capital investment - project funding amount: $1,993,000