HF 5287

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/18/2024 08:12pm

A bill for an act
relating to capital investment; clarifying capital project funding expectations;
amending Minnesota Statutes 2022, section 16A.86, subdivision 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 16A.86, subdivision 4, is amended to read:

Subd. 4.

Funding.

(a) The state share of a project covered by this section new text begin and any capital
project grant to a nonprofit organization new text end must be no more than half the total cost of the
project, including predesign, design, construction, furnishings, and equipment, except as
provided in paragraph (b) or (c). This subdivision does not apply to a project proposed by
a school district or other school organization. new text begin The state share of a project includes state
assistance in any manner, including but not limited to a direct appropriation, a grant awarded
through a grant program administered by a state entity, or a combination of state assistance
appropriated and granted by multiple state entities. The nonstate share of a project may be
funded by federal, local, private, or other funds, or a combination thereof, from nonstate
sources.
new text end

(b) The state share may be more than half the total cost of a project if the project is
deemed needed as a result of a disaster or to prevent a disaster or is located in a political
subdivision with a very low average net tax capacity.

(c) Nothing in this section prevents the governor from recommending, or the legislature
from considering or funding, projects that do not meet the deadline in subdivision 2 or a
state share that is greater than half the total cost of the project when the governor or the
legislature determines that there is a compelling reason for the recommendation or funding.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end