SF935

Purpose

To provide state financing for capital improvements focused on public water access and state-owned boating facilities on public waters, by appropriating funds and authorizing the sale of state bonds.

Main Provisions

• Appropriation: $12,000,000 is appropriated from the bond proceeds fund to the Department of Natural Resources (DNR) for capital improvements to state-owned public water access and state-owned boating facilities on public waters.
• Bonding: The Commissioner of Management and Budget is authorized to sell and issue state bonds up to $12,000,000 to fund the appropriation, under the specified bonding laws and constitutional provisions.

Agencies Involved

• Department of Natural Resources (for implementing the improvements).
• Commissioner of Management and Budget (for issuing and selling the bonds).

Legal and Financial Framework

• Financing source: bond proceeds fund.
• Bonding framework: in accordance with Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

Significant Changes to Existing Law

• Establishes a new appropriation of $12 million for capital improvements to specific public facilities.
• Enables issuance of up to $12 million in state bonds to finance these improvements, expanding authorized bonding for this purpose under the existing statutes and constitutional provisions.

Notes

• The bill title mentions public water access, boating facilities, and state fish hatcheries, but the text shown here specifies funding for public water access and boating facilities; fish hatcheries are referenced in the title but not in the sections provided.

Relevant Terms - 12,000,000 - bond proceeds fund - appropriation - capital improvements - public water access - boating facilities - public waters - state-owned - Department of Natural Resources (DNR) - Commissioner of Management and Budget - bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7