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MN HF5287
Bill
Status
Introduced
4/4/2024
Primary Sponsor
Fue Lee
Click for details
AI Summary
- State share of capital projects and nonprofit grants capped at 50% of total project costs (including predesign, design, construction, furnishings, and equipment) with limited exceptions
- State share exemption does not apply to school districts or other school organizations
- State share may exceed 50% if project addresses disaster relief/prevention or is located in a political subdivision with very low average net tax capacity
- Governor and legislature retain authority to recommend or fund projects exceeding the 50% state share threshold when deemed to have a compelling reason
- Effective the day following final enactment
Legislative Description
Capital project funding expectations clarified.
Last Action
Author added Hansen, R.
4/18/2024
Committee Referrals
Capital Investment4/4/2024
Full Bill Text
No bill text available