For more information contact: Joan Nichols 651-29X-XXXX
ST. PAUL – The Minnesota House of Representatives introduced its Capital Investment bill (House File 2700) on the first day of the 2010 Legislative Session with the intent of jump starting Minnesota’s economy by creating jobs with the passage of an early, targeted bonding bill.
"These challenging times require immediate and targeted action on the part of lawmakers to introduce an early jobs-creation bonding bill," said State Representative Karen Clark. “Early passage of this bill can help put many Minnesotans back to work and as a consequence positively impact our budget deficit."
Coming in just under $1 billion, the bill emphasizes education investments, transportation and transit improvements, and clean water infrastructure. Key South Minneapolis bonding projects in the House Capital Investment bill include:
• $10 million to repair and save public housing for our low-income elderly and disabled families with children.
• $5 million in Minnesota Housing Finance Agency Bonds to acquire and rehabilitate foreclosed properties into rental housing which are located in areas that have been hardest hit by the foreclosure crisis, and to construct or acquire and rehabilitate permanent supportive housing, particularly for individuals experiencing or at risk of experiencing long-term homelessness.
• $5 million for Hennepin County Medical Center’s Hyperbaric Oxygen Chamber (HBO), a specialized medical treatment in which a patient breathes 100% oxygen while inside a chamber at increased atmospheric pressure. HBO is used for emergency conditions, such as carbon monoxide poisoning, gas embolism, gas gangrene, and decompression illness. This facility is the only 24 Hour HBO chamber in Minnesota and 70% of the patients it serves come from outside Hennepin County. State funding for the relocation and construction of a HBO chamber is HCMC’s top priority.
• $840,000 to rehabilitate an old historic mansion that will become Minnesota’s first African American History Museum and Cultural Center. Sharing Minnesota’s African American legacy presents a tremendous opportunity toward creating an inclusive society while promoting cross cultural understanding. Currently Minnesota is one of only six states in the U.S. without a museum dedicated to preserve and present African American history and culture.
“A top priority of the 2010 Legislative Session will be to pass a comprehensive capital investment bill that will target “shovel-ready” projects that can quickly employ many Minnesotans and businesses,” said State Representative Karen Clark. “Given the current state of our economy, we are focusing our efforts on stimulating economic development through job creation and investing in our infrastructure.” State Representative Karen Clark is proposing a provision that will help ensure our low-income, indigenous and people of color get access to a fair share of the job opportunities being created.
The bill will be heard in the House Capital Investment Committee next Tuesday and will be sent to the House floor for a full vote within the next two weeks.
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