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S.F. No. 1836 - Miscellaneous Capital Investment Bonding Appropriations
 
Author: Senator David H. Senjem
 
Prepared By: Stephanie James, Senate Counsel (651/296-0103)
 
Date: February 28, 2019



 

Article 1 repeals the authorization in the 2018 bonding bill (Laws 2018, chapter 214) to sell appropriation bonds that would have been repaid from money in the Environment and Natural Resources Trust Fund.  Article 1 also repeals appropriations of proceeds from the sale of those appropriation bonds.

Article 1 authorizes the sale of general obligation bonds and appropriates the proceeds of those bonds for the same projects and purposes as had been funded with the 2018 appropriation bonds.

Article 2 amends some project descriptions and other provisions in the 2018 bonding bill.

Article 1 [Appropriations]

Section 1 [Capital Improvement Appropriation] specifies that the appropriations in the bill are from the bond proceeds fund, unless otherwise specified, and describes constitutional and other constraints and conditions on the use of the appropriations in the bill. The appropriations are available until a project is completed or abandoned, unless unspent and unencumbered after four years.

Sections 2-6 appropriate proceeds from the sale of general obligation bonds for specified projects.  These appropriations are for the same projects and in the same amounts as were funded through appropriation bonds in the 2018 bonding bill.

Section 7 appropriates money for expenses associated with the sale of bonds.

Section 8 [Bond Sale Authorization] authorizes the sale of up to $98,098,000 of general obligation bonds.

Section 9 [Repealer] repeals:

  • a statutory section that established technical and procedural requirements for the sale of appropriation bonds to be repaid from the Environment and Natural Resources Trust Fund;
  • the section of the 2018 bonding bill that authorizes the sale of appropriation bonds and appropriates the proceeds from the sale of those appropriation bonds.

Section 10 [Effective date] sets the effective date for the article as the day after enactment.

Article 2 [Corrections to 2018 Act]

This article modifies provisions in the 2018 bonding bill.

Sections 1 through 6 modify the descriptions of some projects funded in the 2018 bonding bill.

Section 7 corrects an internal cross-reference so that the appropriate project – the Anoka County Highway 10 project, rather than the Duluth Zoo project – are funded from the local road improvement fund.

Section 8 clarifies an instruction as to reduction of an appropriation.

 

 
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