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MN HF3374
Bill
Status
5/6/2014
Primary Sponsor
Steve Drazkowski
Click for details
AI Summary
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Appropriates $839.5 million in state bonds and general fund money for capital projects including $50 million each to University of Minnesota and Minnesota State Colleges and Universities, $126.3 million for state Capitol and administrative building renovations, and $517.7 million for transportation infrastructure.
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Authorizes the sale of $328.3 million in state general obligation bonds from the bond proceeds fund and $517.7 million in bonds from the state transportation fund to finance the capital improvements.
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Establishes new transportation funding programs for small city streets and township roads ($238.8 million) and streets in cities over 5,000 population ($238.8 million), and modifies existing bridge and local road grant programs.
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Cancels $6.5 million in unobligated amounts from prior capital appropriations dating back to 2000 and reduces corresponding bond authorizations accordingly.
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Eliminates the authority to construct a new legislative office building through lease-purchase agreements and redirects the $3 million appropriation for that purpose to the Capitol renovation project instead.
Legislative Description
Capital investment; spending authorized to acquire and better public land and buildings and other improvements, negotiated sales use authorized, new programs established, existing programs and prior appropriations modified, and new legislative office building construction and finance authority repealed.
Last Action
Author added Pugh
5/14/2014