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MN SF5323
Bill
Status
Introduced
4/4/2024
Primary Sponsor
Sandra Pappas
Click for details
AI Summary
- State share of capital projects and nonprofit grants must not exceed half the total project cost, including predesign, design, construction, furnishings, and equipment
- Exemption applies to projects proposed by school districts or other school organizations
- State share may exceed 50% if the project is disaster-related, disaster-prevention, or located in a political subdivision with very low average net tax capacity
- Governor may recommend and legislature may fund projects exceeding the 50% state share threshold if deemed to have a compelling reason
- Effective the day following final enactment
Legislative Description
Capital project funding expectations clarification
Last Action
Referred to Capital Investment
4/4/2024
Committee Referrals
Capital Investment4/4/2024
Full Bill Text
No bill text available