This bill authorizes significant capital investment spending for the acquisition and improvement of public land and buildings, as well as various capital projects, while establishing new programs and modifying existing ones. It includes provisions for the sale and issuance of state bonds, appropriating funds for projects related to education, natural resources, and infrastructure. Key insertions specify the conditions under which appropriated funds can be utilized, such as allowing state agency staff costs related to capital projects and ensuring funds remain available until project completion. The bill also outlines appropriations for state agencies, including the Board of Regents of the University of Minnesota and the Department of Natural Resources, and emphasizes compliance with environmental and accessibility standards.

Additionally, the bill introduces new programs aimed at enhancing water quality and housing infrastructure, including increased grant limits for water infrastructure projects and a Cooperative Manufactured Housing Infrastructure Grant Program. It appropriates $3,000,000 from the general fund for facility design and grants the commissioner of administration authority to manage funds for future repairs. The bill establishes the Infrastructure Development Fund, which will receive income from various sources and manage public debt through bond sales. It also outlines the assessment process for higher education systems to contribute to the debt service account, ensuring adequate funding for principal and interest obligations. Overall, the bill aims to streamline funding processes and enhance infrastructure development across multiple sectors.

Statutes affected:
Introduction: 16A.501, 116.182, 446A.07, 446A.072, 446A.073, 446A.081, 16A.662, 116J.417