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Bill Summary · SF 1031

Summary of SF 1031 — New Hope Golf Course bond issuance and appropriation

Note: This summary reflects the information available at introduction. The full bill text and fiscal note would provide precise bond amounts, repayment terms, and eligible costs. Consult the bill text for exact provisions.

Overview

SF 1031, introduced on February 6, 2025, is a Senate bill titled “New Hope Golf Course bond issuance and appropriation.” The bill aims to authorize state bonds and appropriations to support the New Hope Golf Course project. It is categorized under Athletics, Bonds, Employment and Economic Development Department, Recreation, Tourism, and Amusement. The bill has been referred to the Capital Investment committee. A companion bill exists in the House as HF 680.

What the bill would do

  • Authorize the issuance of state bonds to finance the New Hope Golf Course project.
  • Provide state appropriations to implement or support the project.
  • Likely establish the scope of eligible costs (e.g., construction, renovation, equipment, improvements related to the golf course and associated recreation/ tourism assets).
  • Designate oversight and administration responsibilities, potentially involving the Employment and Economic Development Department and related state agencies responsible for capital investments and economic development projects.

Key provisions (as anticipated based on the bill’s title)

  • Bond authorization: A specific amount to be determined in the bill text, enabling the state to issue bonds to fund the project.
  • Appropriations: Direct state funds allocated to the project’s costs, to be disbursed under defined terms.
  • Project scope: Eligible expenditures tied to the New Hope Golf Course, and possibly connected recreation or tourism enhancements.
  • Oversight and administration: Mechanisms for oversight, reporting, and compliance with bonding requirements; potential involvement of the Department of Employment and Economic Development and the appropriate capital investment authorities.
  • Eligible recipients and matching requirements: Who qualifies for funds and any local or project-specific match commitments.

Who and what would be affected

  • Local government: City of New Hope (owner/operator or partner in the golf course project) stands to benefit from state financing and support.
  • State agencies: Likely involvement of the Department of Employment and Economic Development (and related capital investment bodies) in administration, oversight, and project economic development impacts.
  • Recreation, tourism, and athletics sectors: Potential improvement of recreational facilities and tourism appeal linked to the golf course.

Procedural timeline and next steps

  • Introduction and first reading: February 6, 2025.
  • Committee referral: Referred to the Capital Investment committee for consideration, hearings, and possible amendments.
  • House companion: HF 680 exists, providing a parallel path in the House.
  • Next steps: Passage by both chambers and signature by the governor would be required for enactment; subsequent bonding authorization and appropriation would follow the legislative process and budgeting timelines.

Related legislation

  • Companion: HF 680 (House of Representatives)

For a complete understanding, review the full SF 1031 bill text, fiscal note, and any committee amendments or debate transcripts.

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

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