Bill Text: MN HF2185 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Economic development funding provided, transportation economic development program established, bonds authorized, and money appropriated.
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: (Introduced - Dead) 2012-04-16 - Author added Allen [HF2185 Detail]
Download: Minnesota-2011-HF2185-Introduced.html
1.2relating to capital investment; appropriating money for economic development;
1.3establishing the transportation economic development program; authorizing the
1.4sale and issuance of state bonds;proposing coding for new law in Minnesota
1.5Statutes, chapter 116J.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. ECONOMIC DEVELOPMENT.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of employment and economic development for the purposes
1.10specified in this section.
1.11 Subd. 2. Greater Minnesota business development public infrastructure grant
1.12program. $5,000,000 is for grants under Minnesota Statutes, section116J.431 .
1.13 Subd. 3. Redevelopment account. $5,000,000 is for purposes of the redevelopment
1.14account under Minnesota Statutes, sections116J.571 to
116J.575 .
1.15 Subd. 4. Transportation economic development program. $10,000,000 is for
1.16grants under Minnesota Statutes, section116J.436 .
1.17 Subd. 5. Bond sale. To provide the money appropriated in this section from the
1.18bond proceeds fund, the commissioner of management and budget shall sell and issue
1.19bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.20the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21Minnesota Constitution, article XI, sections 4 to 7.
1.22EFFECTIVE DATE.This section is effective the day following final enactment.
2.1 Sec. 2. [116J.436] TRANSPORTATION ECONOMIC DEVELOPMENT
2.2INFRASTRUCTURE PROGRAM.
2.3 Subdivision 1. Grant program established; purpose. The transportation economic
2.4development infrastructure program is created to foster interagency coordination between
2.5the Departments of Transportation and Employment and Economic Development to
2.6finance infrastructure to create economic development opportunities, jobs, and improve all
2.7types of transportation systems statewide.
2.8 Subd. 2. Eligible projects. Funds appropriated for the program must be used to
2.9fund construction, reconstruction, and infrastructure improvements that will promote
2.10economic development, increase employment, and improve transportation systems to
2.11accommodate private investment and job creation.
2.12 Subd. 3. Trunk highway projects. Money in the program shall not be used on
2.13trunk highway improvements, but can be used for needed infrastructure improvements
2.14and nontrunk highway improvements in coordination with trunk highway improvement
2.15projects undertaken by the Department of Transportation.
2.16 Subd. 4. Application. The commissioners of transportation and employment and
2.17economic development shall design an application process and selection process to
2.18distribute funding to local units of government for publicly owned infrastructure using
2.19criteria that take into account: job creation; increase in local tax base; level of private
2.20investment; leverage of nonstate funds; improvement to the transportation system to serve
2.21the project area; and appropriate geographic balance between the metropolitan area and
2.22greater Minnesota.
1.3establishing the transportation economic development program; authorizing the
1.4sale and issuance of state bonds;proposing coding for new law in Minnesota
1.5Statutes, chapter 116J.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. ECONOMIC DEVELOPMENT.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of employment and economic development for the purposes
1.10specified in this section.
1.11 Subd. 2. Greater Minnesota business development public infrastructure grant
1.12program. $5,000,000 is for grants under Minnesota Statutes, section
1.13 Subd. 3. Redevelopment account. $5,000,000 is for purposes of the redevelopment
1.14account under Minnesota Statutes, sections
1.15 Subd. 4. Transportation economic development program. $10,000,000 is for
1.16grants under Minnesota Statutes, section
1.17 Subd. 5. Bond sale. To provide the money appropriated in this section from the
1.18bond proceeds fund, the commissioner of management and budget shall sell and issue
1.19bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.20the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21Minnesota Constitution, article XI, sections 4 to 7.
1.22EFFECTIVE DATE.This section is effective the day following final enactment.
2.1 Sec. 2. [116J.436] TRANSPORTATION ECONOMIC DEVELOPMENT
2.2INFRASTRUCTURE PROGRAM.
2.3 Subdivision 1. Grant program established; purpose. The transportation economic
2.4development infrastructure program is created to foster interagency coordination between
2.5the Departments of Transportation and Employment and Economic Development to
2.6finance infrastructure to create economic development opportunities, jobs, and improve all
2.7types of transportation systems statewide.
2.8 Subd. 2. Eligible projects. Funds appropriated for the program must be used to
2.9fund construction, reconstruction, and infrastructure improvements that will promote
2.10economic development, increase employment, and improve transportation systems to
2.11accommodate private investment and job creation.
2.12 Subd. 3. Trunk highway projects. Money in the program shall not be used on
2.13trunk highway improvements, but can be used for needed infrastructure improvements
2.14and nontrunk highway improvements in coordination with trunk highway improvement
2.15projects undertaken by the Department of Transportation.
2.16 Subd. 4. Application. The commissioners of transportation and employment and
2.17economic development shall design an application process and selection process to
2.18distribute funding to local units of government for publicly owned infrastructure using
2.19criteria that take into account: job creation; increase in local tax base; level of private
2.20investment; leverage of nonstate funds; improvement to the transportation system to serve
2.21the project area; and appropriate geographic balance between the metropolitan area and
2.22greater Minnesota.
