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H.F. No. 1068 - General Fund Capital Investment Bill, The Fourth Engrossment
 
Author: Senator LeRoy A. Stumpf
 
Prepared By: Stephanie James, Senate Counsel (651/296-0103)
 
Date: May 16, 2014



 

Sections 1 to 13 appropriate $200,000 from the general fund for capital improvement projects.  See the spreadsheet for details.

Section 14 [Waivers Authorized] modifies a cross-reference to reflect a change in the local bridge grant program made in this bill and for grants under the fracture-critical bridges provision, Minnesota Statutes, section 174.50, subdivision 6c, that was added to the statutes when the state assistance after a natural disaster statute was first enacted.

Section 15 [Bridge Grant Program; Rulemaking] puts into statute language that has typically been included in the rider for appropriations to this program:  specifies the uses to which political subdivisions may put bridge grant money to use; permits use of the money to match federal aid grants, pay the costs to abandon a deficient bridge, and pay the cost to construct a road or street to facilitate the abandonment of an existing deficient bridge.  

Section 16 [Advisory Committee] changes the name of the advisory committee for the local road improvement program.  Adds the following accounts to the list of accounts about which the committee is to recommend expenditures: the local road account for routes of regional significance and the rural road safety account.

Section 16 [Plan Development Criteria] requires the Commissioner of the Amateur Sports Commission to give priority to grant applications under the Mighty Ducks Ice Arena improvement program for indoor air quality improvements and projects that eliminate R-22.  Increases the cap on a grant under this program from $100,000 to $200,000.

Section 18 [Authorization] permits housing infrastructure bonds to be issued by the Minnesota Housing Finance Agency to fund loans that finance the acquisition of any property – not just abandoned or foreclosed property – that is attributable to the land to be leased by community land trusts to low and moderate-income homebuyers.  Gives a preference to veterans meeting certain criteria for permanent supportive housing. These changes are effective the day after final enactment for bonds authorized in 2014 and after.

Section 19 [Additional Authorization] authorizes the Minnesota Housing Finance Agency to issue up to $70,000,000 in housing infrastructure bonds.

Section 20 [Additional Appropriation] requires the Minnesota Housing Finance Agency (MHA) to certify to MMB the amount of annual debt service on bonds issues under the authorization in the previous section.  Provides for the state’s payment of debt service on the bonds issued by MHA, capped at $5,600,000 annually, establishes a standing appropriation for this payment, and permits the MHA to pledge the state’s appropriation to the payment of the bonds.

Section 21 [American-Made Steel] requires public entities to use American-made steel to the extent practicable on projects funded in this act.

Section 22 [Water Connection] requires certain commissioners to issue permits related to the Lewis and Clark water project.

Section 23 [Appropriation Given Effect Once] specifies that appropriations only be given effect once if they are made in more than one appropriation in the 2014 legislative session.

Section 24 [Revisor's Instruction] instructs the Revisor of Statutes to change a headnote. 

Section 25 [Effective Date] makes this act effective the day after enactment.

 
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