The bill authorizes significant capital investment spending for the acquisition and improvement of public land and buildings, as well as various infrastructure projects across Minnesota. It establishes new programs and modifies existing ones, allowing for the sale and issuance of state bonds totaling up to $1,298,235,000 from the bond proceeds fund and $219,214,000 from the state transportation fund. The bill includes detailed provisions for the use of appropriated funds, ensuring that state agency staff costs related to capital projects are covered, and mandates that grant recipients demonstrate financial capability. Specific appropriations are outlined for educational institutions, environmental initiatives, and community development projects, including funding for transportation, wastewater systems, and public facilities.

Additionally, the bill introduces a sales tax exemption for materials used in the construction of the River Place Arts, Culture, and Event Center in Warroad, effective for purchases made between May 31, 2023, and January 1, 2026. It appropriates $500,000 from the general fund for fiscal year 2024 to cover refunds related to this exemption, which will be available until June 30, 2027. The bill also includes amendments to existing statutes, such as changing account designations and extending the availability of bond proceeds for various projects. Overall, the legislation aims to enhance public infrastructure, support community development, and improve the quality of life for residents throughout the state.

Statutes affected:
1st Engrossment: 16A.966, 116J.417, 134.45, 174.38
2nd Engrossment: 16A.966, 116J.417, 134.45, 174.38
3rd Engrossment: 16A.966, 116J.417, 134.45, 174.38
4th Engrossment: 116J.417, 174.38
1st Unofficial Engrossment: 16A.966, 116J.417, 134.45, 174.38
2nd Unofficial Engrossment: 16A.966, 116J.417, 134.45, 174.38
3rd Unofficial Engrossment: 116J.417, 174.38
1st Engrossment: 16A.966, 116J.417, 134.45, 174.38
2nd Engrossment: 16A.966, 116J.417, 134.45, 174.38
3rd Engrossment: 16A.966, 116J.417, 134.45, 174.38
1st Unofficial Engrossment: 16A.966, 116J.417, 134.45, 174.38
2nd Unofficial Engrossment: 16A.966, 116J.417, 134.45, 174.38