$373.4 Million Bonding Bill Passes in Special Session
Bill invests in needed infrastructure repairs and maintenance
ST. PAUL, Minn. — The Legislature has passed a $373.4 million Bonding Bill during its one-day Special Session on Friday. Senate Capital Investment Chair Sen. LeRoy Stumpf (DFL-Plummer) helped draft the bipartisan bill, and says the legislation is a solid step forward in taking care of critical infrastructure projects in all corners of the state.
“Bonding bills are essential to taking care of state-owned infrastructure and helping maintain what makes Minnesota a great place to live, work and play,” said Stumpf. “This bill invests in transportation through Trunk Highway Bonds, places an emphasis on immediate needs at our state college and universities, offers flood relief for communities for rebuilding and mitigation and takes care of critical needs like wastewater facilities and clean water.”
A few highlights from the bill which includes a combination of General Obligation (GO) bonds, Trunk Highway bonds and other types of state-backed bonds which total $373.4 million include:
- $26.5 million to the University of Minnesota for the Willmar Poultry Testing Lab and a veterinary isolation facility to do research on infectious viruses.
- $31.9 million to the Minnesota State Colleges and Universities system for highly needed health, high-tech, and manufacturing training programs.
- $23.5 million to the Department of Natural Resources for previous disasters and flood hazard mitigation projects.
- $171 million to the Department of Transportation ($31 million in GO Bonds; $140 million in Trunk Highway Bonds) for certain bridge and road projects.
- $29 million to the Public Facilities Authority for wastewater and clean water infrastructure and the Lewis and Clark Water Authority.
- $10 million to the Minnesota Housing Finance Agency.
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