For more information contact: Joan Nichols 651-29X-XXXX
St. Paul, MN – Last night, the 2010 Omnibus Capital Investment Bill passed on the floor of the Minnesota House with unanimous support of all local representatives, appropriating funds for state and regional bonding projects. Several St. Paul projects were in the final package, including funding work projects at the Metropolitan State University and the University of Minnesota.
“This year’s capital investment legislation is aimed at stimulating economic growth and development throughout the state," said State Representative Carlos Mariani. “I agree with our State Economist that passage of a Capital Investment bill can have a positive impact on our budget deficit as we return more Minnesotans to work.”
The House Capital Investment Bill emphasizes education investments, transit improvements, and clean water infrastructure. Key St. Paul bonding projects include $5.7 million for the Metropolitan State University Smart Classroom to support six additional science degrees, $5.8 million to reconstruct and remodel classrooms and student support resources at MnSCU/ Metro State University Classroom Center and $40 million for assert preservation at the University of Minnesota.
"This bill is the product of hard work done since last summer and reflects an agenda to create jobs and stimulate Minnesota’s economic recovery,” said State Representative Carlos Mariani. “The targeted projects will allow construction on shovel-ready projects to begin almost immediately so people can get back to jobs as soon as possible.”
After a short Conference Committee, the bill will be sent to Governor Pawlenty’s desk, possibly as early as the end of this week.