The bill amends Minnesota Statutes 2022, section 16A.86, subdivision 4, to clarify the funding expectations for capital projects. It introduces new language specifying that the state share of a project includes state assistance in various forms, such as direct appropriations or grants from state entities, and that the nonstate share can be funded through federal, local, private, or other sources. Additionally, the bill includes provisions that allow the state share to exceed half the total project cost in cases of disaster-related projects or those in areas with very low average net tax capacity.

Furthermore, the bill maintains that the governor and legislature can still consider and fund projects that do not meet the usual deadlines or state share requirements if there is a compelling reason. The bill also establishes an effective date, stating that the new provisions will take effect the day after final enactment.

Statutes affected:
Introduction: 16A.86