A proposal making modifications to the bonding bill passed last year was signed into law by Governor Walz.The proposal transfers projects funded in the 2018 bill from bonds backed by the environment and natural resources trust fund to general obligation (GO) bonds. As a result, $98 million in revenue bonds were converted to general obligations bonds. Additionally, $4.3 million was added to the GO bonds issued for the Waste Disposal Engineering (WDE) site in Anoka County that needed immediate attention. (HF 80)
The Senate Capital Investment Committee has not held any hearings this session. In contrast, the House has held numerous hearings and have recently unveiled a proposal following Governor Walz’s proposal release on February 26.