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Capital investment committee reviews $1.35 billion proposal, forwards vehicle bills and project modifications to finance
Summary
The Senate Capital Investment Committee reviewed a DFL $1.35 billion bonding spreadsheet, discussed appropriation modifications and program policy provisions, and recommended several vehicle bills and modification items be sent to the Senate Finance Committee for further work.
The Minnesota Senate Committee on Capital Investment on May 8 walked through a proposed $1.35 billion bonding proposal (the committee’s 1.35 spreadsheet), reviewed appropriation modification language, and recommended several vehicle bills and specific modification items be referred to the Senate Finance Committee for further work.
Chair Senator Mary Pappas presented a proposal column labeled as a “1.35” option for the 2025 capital budget. Staff summarized the proposal’s major line items: $100,000,000 for University of Minnesota HEAPR (asset preservation); $100,000,000 for Minnesota State HEAPR; $5,000,000 for Department of Education library construction grants; multiple water and natural resources line items; and a $459,000,000 lump-sum category for local project grants. Committee staff reported an estimated net general-obligation (GO) bond sale impact of $1,350,000,000 and accompanying estimated…
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