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HF 2485

Capital investment spending authorized, bonds issued, and money appropriated.

2025-2026 Regular Session Introduced by Fue Lee

Authorizes capital investment spending, issues bonds, and appropriates funds for state projects, including public buildings and related building code provisions.

Introduction and first reading, referred to Capital Investment
#bonds #buildingsandbuildingcodes
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Bill Summary · HF 2485

Summary: HF 2485 — Capital investment spending authorized, bonds issued, and money appropriated

HF 2485 is a Minnesota House of Representatives bill introduced on March 17, 2025 and assigned to the Capital Investment committee. The companion Senate bill is SF 2933.

Purpose and intent

  • The bill’s title indicates it aims to authorize capital investment spending, authorize the issuance of bonds, and appropriate money.
  • It falls under the subject areas of appropriations, bonds, and buildings and building codes, suggesting a focus on financing, funding allocation, and construction-related provisions for state or public projects.

Key provisions and changes (based on the bill’s title and classification)

  • Capital investment spending: The bill would authorize specific capital projects and expenditures. The exact projects and funding levels would be detailed in the bill text and any accompanying fiscal notes.
  • Bond issuance: It would authorize the state to issue bonds to fund the capital investments authorized by the bill. This could include setting bond authority, terms, and debt service considerations.
  • Money appropriated: The bill would appropriate funds—likely from bond proceeds or existing state resources—to support the authorized projects. Appropriations could be general or restricted for particular programs, agencies, or project types.
  • Buildings and Building Codes: Given the subject classification, provisions may pertain to public buildings, facility construction/renovation, and compliance with building codes or related standards in the financed projects. Specific requirements, timelines, and oversight may be included within the bill text.

Note: The exact projects, dollar amounts, bond terms, and specific building code provisions are not provided in the information available. The details will be in the bill’s text and any fiscal notes or amendments.

Who would be affected

  • State agencies and departments responsible for capital projects and building programs.
  • Public construction contractors, engineers, and developers involved in funded projects.
  • Local governments or authorities that participate in or benefit from state-funded capital investments.
  • Taxpayers, due to debt issuance and future debt service requirements associated with bonding.
  • Building code officials and compliance stakeholders affected by any code-related provisions.

Procedural and timeline aspects

  • Introduction and first reading occurred on March 17, 2025.
  • Referred to the Capital Investment committee for consideration.
  • A companion bill exists: SF 2933 (Senate).
  • Typical next steps (not bill-specific): committee hearings, potential amendments, floor votes in the House and Senate, and, if enacted, signature by the Governor. The exact schedule would emerge from committee agendas and floor action.

Additional notes and how to track

  • To review the full text, fiscal notes, and amendments, monitor HF 2485 on the Minnesota Legislature website and check for updates from the Capital Investment committee.
  • For related considerations, compare with SF 2933 to understand parallel Senate actions and potential points of alignment or divergence.

Compiled from official sources — confirm details with the bill’s official record.

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