MN HF4674

Requires applicants for construction projects adjacent to, under, or over state historic property to provide financial assurance (trust fund, letter of credit, escrow account, surety bond, or other acceptable form) adequate to cover restoration costs before a permit or easement is issued.

Designates the commissioner of administration as the payee for financial assurance if the permittee cannot or will not restore damaged state historic property, with approval required from the commissioner of management and budget before permit issuance.

Establishes strict liability for primary contractors for any damage to state property resulting from their construction projects, removing the need to prove negligence.

Applies only to private construction projects that do not involve improvements to state property but could affect its structural integrity, as determined by the commissioner of administration in consultation with relevant agency commissioners.

Amends Minnesota Statutes section 16B.26 to make the financial assurance requirement subject to the new construction near state historic property provisions, effective the day following final enactment.