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SF 4702

City of Grand Rapids Itasca County Family YMCA facility appropriation and bond issuance authorization

2025-2026 Regular Session

The bill would authorize state funds and bonds to build or renovate a Grand Rapids YMCA facility in Itasca County to expand community health, youth programs, and access.

Referred to Capital Investment
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Bill Summary · SF 4702

Summary: SF 4702 (2025-2026) – City of Grand Rapids Itasca County Family YMCA Facility Appropriation and Bond Issuance Authorization

Purpose and intent

SF 4702 proposes to provide state financial support for the construction, renovation, or acquisition of a facility related to a Family YMCA project in the City of Grand Rapids, Itasca County, Minnesota. The bill also authorizes the issuance of state bonds to fund the appropriation. The overarching goal is to enhance community recreational, health, and youth development programming by expanding access to YMCA facilities within the designated locality.

Key provisions

  • Authorizing a state appropriation: The bill designates a specific sum (the exact dollar amount would be stated in the fiscal section of the bill) to be allocated for the Grand Rapids Itasca County Family YMCA facility project. The funds would be used for construction or related project costs as approved by the legislative appropriations process.

  • Bond issuance authorization: SF 4702 authorizes the issuance of state bonds to finance the appropriation. This typically includes:

    • The total bond amount aligned with the appropriation.
    • Terms of the bonds (maturity period, interest rate mechanics, and debt service requirements).
    • Any authorization for bond sale and issuance conditions consistent with Minnesota debt-issuance laws.

  • Project scope and eligible activities: The bill outlines or implies eligible activities such as:

    • Construction or major renovation of a YMCA facility in Grand Rapids.
    • Acquisition of real property or capital equipment associated with the YMCA project.
    • Facility improvements to support community programs, fitness, aquatics, youth development, and program delivery.

  • Administration and project oversight: Provisions typically include:

    • A designation of the state agency or authority responsible for administering the funds (often the Department of Administration, a bonding authority, or a state bonding authority office).
    • required reporting, milestones, and progress updates to the legislature.
    • compliance with state procurement, environmental, and land-use regulations.

Beneficiaries and impact

  • Primary beneficiary: The City of Grand Rapids and the Itasca County community, through expanded access to YMCA services, improved community health and wellness programs, and potential job creation related to the facility.

  • Wider impacts: Enhanced recreational opportunities, youth development programming, and potential long-term economic benefits from increased local investment and improved quality of life.

Procedural and timeline aspects

  • Current status: As of the latest action history, SF 4702 has:
    • Been introduced and assigned to the Capital Investment committee.
    • Undergoes committee review and potential amendments.
  • Key procedural steps ahead:
    • Committee consideration and possible hearings.
    • Floor debate and passage in the Minnesota Senate.
    • If passed, transmission to the House (or corresponding legislative chamber) and a similar process there.
    • Final approval and signing by the governor, followed by bond issuance and distribution of funds per the appropriation.

Fiscal considerations

  • Budgetary impact: The bill involves a capital appropriation and the issuance of state bonds, affecting state debt and annual debt service obligations. Details such as the exact dollar amount, repayment terms, interest rates, and projected annual debt service would be specified in the fiscal note accompanying the bill.

Notes

  • The summary reflects the information available from the bill’s title and introductory action. The precise dollar figures, term lengths, and project milestones will be defined in the bill’s fiscal provisions and any accompanying fiscal note or amendments adopted during committee and floor consideration.

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

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