Senate Capital Investment Committee Launching Fall Tours

Bonding website, Build.MN also getting new features to allow for greater transparency with the public

Stumpf Portrait

ST. PAUL, Minn. – The Senate Capital Investment Committee is set to hit the road again – embarking soon on the first leg of six weeks’ worth of bonding tours. The Sept. 15-17 tour will feature more than a dozen stops across Northeast Minnesota including the Duluth Steam Plant, the International Wolf Center, Vermilion Community College and the Soudan Underground Mine State Park.

Capital Investment Chair, Sen. LeRoy Stumpf (DFL-Plummer) says these tours are priceless in how much members get to learn, and this year the committee is sharing their journey with the public through their website, Build.MN.

“These tours are so influential because we get out into communities – from tiny towns to our biggest cities, and we get a feel for each individual communities’ needs. We use these experiences to help inform our decisions about how to invest state dollars,” said Sen. Stumpf.

Bonding is a process in which the state invests money into state-owned infrastructure projects. The state of Minnesota sells General Obligation (G.O.) bonds for the cost of capital projects with the approval of the legislature. The bonds are sold to investors who receive their money back, plus interest. Staying competitive in today’s global economy requires our ongoing commitment to maintain and protect the things that make our state great.

The Senate Capital Investment website Build.MN has added several new features, including:

“We are adding new information to our website Build.MN because we wanted to create an opportunity for the public to have a window into our daily tours. I believe this is something that will be really good for the public’s trust of the state legislature. By sharing our experiences with the public, I hope that we can raise the level of understanding about the capital investment process,” said Sen. Stumpf.

A complete schedule of the Northeast bonding tour has been posted on the website, you can find that here: http://build.mn/tour/agenda-northeast-minnesota-tour/

Senator LeRoy Stumpf
LeRoy Stumpf represents District 1, which includes all or portions of Kittson, Marshall, Pennington, Polk, Red Lake and Roseau counties in the northwestern part of the state. He is the chair of the Capital Investment Committee.

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