This bill authorizes significant capital investment spending for the acquisition and improvement of public land and buildings, as well as other capital projects, under defined conditions. It introduces new programs and modifies existing ones, while addressing prior appropriations. Key provisions include the sale and issuance of state bonds, with a total of up to $649,365,000 from the bond proceeds fund and $78,000,000 from the state transportation fund. The bill also specifies appropriations for various state agencies, including the Board of Regents of the University of Minnesota and the Minnesota State Colleges and Universities, for projects such as a new Transportation Center and asset preservation improvements at state facilities.

Additionally, the bill amends existing statutes related to grants for water infrastructure projects, increasing maximum grant amounts and establishing new programs to address drinking water contaminants. It expands the uses of the drinking water revolving loan fund to support disadvantaged communities and clarifies grant award conditions. The legislation also creates the Infrastructure Development Fund, managed by the commissioner of management and budget, to finance public projects through state bonds. It mandates annual appropriations from the general fund for bond payments and establishes a constitutional tax levy for any remaining obligations, ensuring a structured approach to funding and managing capital improvement projects.

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