Signed by Governor Mark Dayton

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that authorizes the appropriation of funds from bond proceeds for public works.

Highlights:

• Requires the commissioner of management and budget to sell and issue bonds of the state in an amount up to $525.86 million in order to fund this act, some of which is appropriated as follows (Secs. 2, 3, 7, 12, 13, 16, 21, & 26):
• $64.06 million to the University of Minnesota;
• $132.13 million to the Minnesota state colleges and universities system;
• $30 million for flood hazard mitigation grants;
• $44 million to restoring the state Capitol building;
• $78.5 million to the Department of Employment and Economic Development, $50 million of which is for business development through capital project grants;
• $4 million to the Minnesota zoological garden;
• $49.4 million to transportation projects, $30 million of which are for local bridge replacement and rehabilitation; and
• $13.5 million to the Austin Port Authority for construction of a research and technology center.

• Requires the commissioner of management and budget to report to legislative committees on the jobs created and retained as a result of capital project funding by the state (Sec. 28).

• Establishes the transportation economic development infrastructure program to “finance infrastructure,  create economic development opportunities, jobs, and improve all types of transportation systems  statewide” (Sec. 33).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes the appropriation of funds from bond proceeds for public works.

Highlights:

• Requires the commissioner of management and budget to sell and issue bonds of the state in an amount up to $525.86 million in order to fund this act, some of which is appropriated as follows (Secs. 2, 3, 7, 12, 13, 16, 21 & 26):
• $64.06 million to the University of Minnesota;
• $132.13 million to the Minnesota state colleges and universities system;
• $30 million for flood hazard mitigation grants;
• $44 million to restoring the state Capitol building;
• $78.5 million to the Department of Employment and Economic Development, $50 million of which is for business development through capital project grants;
• $4 million to the Minnesota zoological garden;
• $49.4 million to transportation projects, $30 million of which are for local bridge replacement and rehabilitation; and
• $13.5 million to the Austin Port Authority for construction of a research and technology center.

• Requires the commissioner of management and budget to report to legislative committees on the jobs created and retained as a result of capital project funding by the state (Sec. 28).

• Establishes the transportation economic development infrastructure program to “finance infrastructure,  create economic development opportunities, jobs, and improve all types of transportation systems  statewide” (Sec. 33).

Full Bill Text