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SF 5009

South Central College boiler system replacement appropriation and bond issuance authorization

2025-2026 Regular Session Introduced by Nick Frentz

Provides state funds to replace South Central College boiler and authorizes bonds to finance the project, modernization, and related infrastructure work.

Referred to Capital Investment
#appropriations #bonds #education-higher #minnesotastatecollegesanduniversities
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Bill Summary · SF 5009

Summary of SF 5009 (2025-2026) – South Central College boiler system replacement appropriation and bond issuance authorization

Purpose and intent

  • The bill provides state funding to replace and upgrade a boiler system at South Central College. It also authorizes related bond issuance to finance the project.
  • The measure aims to modernize infrastructure at the college, likely to improve energy efficiency, reliability, and safety of heating systems supporting campus facilities and programs.

Key provisions

  • Appropriation for boiler replacement: The bill appropriates a specified amount of state funds to cover the costs of replacing the boiler system at South Central College. (Note: The exact dollar amount is not provided in the summary; the bill would specify the appropriation in its text.)
  • Bond issuance authorization: The bill authorizes the issuance of state bonds to finance the boiler project. This typically involves:
    • A maximum bond amount
    • Terms of the bonds (e.g., maturity, interest rate cap, and repayment source)
    • Authorization to issue bonds during a particular season or under a defined timeline
  • Project scope and requirements: The bill would detail the eligible work covered by the appropriation, such as design, environmental reviews (if applicable), construction, equipment purchase, and any associated project management costs.
  • Budget and fiscal controls: Provisions commonly include reporting requirements, project milestones, and compliance with capital investment procedures. This may include an accountable cost framework and oversight by the Capital Investment committee.
  • Eligibility and administration: The bill designates where the funds come from (e.g., a specific capital investment fund) and which entity administers the grant/appropriation (likely South Central College or the Minnesota Management and Budget framework, consistent with Minnesota capital investment practice).

Affected parties

  • South Central College: Primary beneficiary; would receive funding for boiler replacement and related project work.
  • State of Minnesota: Provides financing through bonded indebtedness; responsible for debt service and long-term fiscal management.
  • Residents and students: Indirect beneficiaries through improved campus infrastructure, potential impacts on tuition or fees indirectly via capital funding decisions (though debt service is a general state obligation).
  • Contractors and vendors: Businesses involved in design, procurement, and construction of the boiler replacement.

Procedural and timeline aspects

  • Introduction and first reading: April 9, 2026.
  • Referral: Referred to the Capital Investment committee (a standard path for capital projects).
  • Sponsor: Co-sponsored by Nick Frentz, indicating bipartisan or broad committee interest within the Legislature.
  • Next steps: The bill would proceed through committee hearings, potential amendments, and floor votes. If enacted, it would authorize the project and set the bond issuance framework, with subsequent administrative steps for actually issuing bonds and disbursing funds.

Notes

  • The summary above reflects the stated title and activity; exact dollar amounts, bond terms, and detailed project scope will be specified in the bill’s text. Readers should consult the full bill language and committee analysis for precise figures and conditions.

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

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