Bill
SF 1087
Authorizes a state bond issue and appropriation to fund the Faribault River Bend Nature Center project, covering construction, land, and equipment for public recreation.
SF 1087 — Faribault River Bend Nature Center bond issue and appropriation
Overview
SF 1087 is a Minnesota Senate bill that proposes a state bond issue and accompanying appropriation to support the Faribault River Bend Nature Center. The bill falls under the caps and processes for capital investment projects related to natural resources and the Natural Resources Department. The companion bill is HF 578.
Purpose and intent
- Create financing for a capital project associated with the Faribault River Bend Nature Center.
- Provide state funding to support construction, acquisition, or improvement related to the nature center, consistent with capital investment and natural resources goals.
- Align with efforts to expand outdoor recreation, conservation, education, and community access to natural areas in Faribault.
Key provisions (as indicated by the bill’s title and status)
- Authorization of a state bond issue to finance the Faribault River Bend Nature Center project.
- Establishment of appropriations to fund the project, including eligible costs such as construction, land acquisition, equipment, and related development costs.
- Allocation of bond proceeds through a state borrowing program administered as part of the Capital Investment process.
- Potential requirements or conditions typical of capital projects (e.g., sunset provisions, reporting, compliance with environmental or local matching requirements). Note: the specific grant amounts, project scope, and terms are not provided in the summary you shared; consult the bill text for precise figures and conditions.
Funding and fiscal impact
- The bill contemplates bonding authority (debt) and a corresponding appropriation to fund the Faribault project.
- Specific bond amount, repayment terms, interest rate assumptions, project budget, and funding timeline are not included in the excerpt provided. The companion HF 578 likely mirrors these elements.
Who is affected
- The State of Minnesota (general fund/bonding authorities and debt service).
- Faribault-area stakeholders and the River Bend Nature Center (project sponsor/users, local government partners).
- Natural Resources and related state agencies administering capital investment programs.
Procedural history and status
- Introduced: February 6, 2025 (First Reading).
- Referred to: Capital Investment (02/06/2025).
- Legislative actions:
- 2025-02-06: Introduction and referral.
- 2025-03-20: Author Pappas added as author.
- 2025-03-27: Author Fateh added.
- Related bill: HF 578 (companion).
Next steps and timeline
- Monitor for further amendments, fiscal notes, and committee hearings in the Capital Investment committee.
- Review the full bill text for bond amount, project scope, repayment plan, match requirements, and reporting provisions.
- Compare SF 1087 with HF 578 for identical or divergent provisions and final language alignment.
Compiled from official sources — confirm details with the bill’s official record.
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