SF5239

Purpose

This bill would authorize a $20 million state investment to help Robbinsdale build a new public works facility. It appropriates the money from the bond proceeds fund to the Department of Employment and Economic Development (DEED) to provide a grant to the City of Robbinsdale for designing and constructing the facility. It also authorizes the sale of state bonds to finance this appropriation, up to $20 million, under existing bonding laws and constitutional provisions.

Main Provisions

• Appropriation: $20,000,000 is allocated from the bond proceeds fund to DEED as a grant to the City of Robbinsdale for the design and construction of a new public works facility.
• Bond Sale: The Commissioner of Management and Budget must sell and issue up to $20,000,000 in state bonds to fund the appropriation. Bond terms and the process follow Minnesota Statutes 16A.631 to 16A.675 and the Minnesota Constitution Article XI, sections 4 to 7.
• Administrative roles: The grant is administered through the Commissioner of Employment and Economic Development, and the financing is handled through the Commissioner of Management and Budget.

Significant Changes to Existing Law

• Creates a new capital investment appropriation specifically for Robbinsdale’s public works facility and authorizes a bond sale to fund it.
• Uses the bond proceeds fund for the appropriation, aligning with existing bonding processes and constitutional authority.
• Applies standard state bonding procedures and statutes to this project, without other broad changes to current law.

Relevant terms section follows.

Relevant Terms - bond proceeds fund - grant - City of Robbinsdale - public works facility - appropriation - Commissioner of Employment and Economic Development (DEED) - Commissioner of Management and Budget (MMB) - state bonds - design and construction - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7 - capital investment - bonding authority - public infrastructure financing