This bill authorizes significant capital investment spending for the acquisition and improvement of public land and buildings, as well as other capital projects, while establishing new programs and modifying existing ones. It includes provisions for the sale and issuance of state bonds, appropriating funds for various projects related to education, natural resources, and infrastructure. Key insertions in the bill outline conditions for the use of appropriated funds, such as allowing state agency staff costs directly related to capital projects and ensuring that funds remain available until projects are completed or abandoned. The bill also specifies appropriations for various state agencies and emphasizes compliance with existing statutes regarding capital improvements and environmental considerations.

Additionally, the bill introduces new provisions for grants addressing emerging contaminants in drinking water, increasing maximum grant amounts for both residential and governmental units. It establishes the Infrastructure Development Fund, managed by the commissioner of management and budget, and authorizes the issuance of state bonds to finance public debt for specified purposes. The bill also outlines the assessment process for higher education systems to contribute to debt service payments related to these bonds, ensuring that annual appropriations from the general fund are available for bond payments. Overall, the bill aims to enhance infrastructure and public facilities while ensuring compliance with financial and environmental regulations.

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