SAINT PAUL, MN — Today, the Minnesota House unveiled a $850 million bonding proposal for statewide infrastructure projects in higher education, transportation, housing, economic development, clean water and wastewater systems. Bonding, also known as capital investment, is responsible long-term borrowing for necessary infrastructure projects. In addition to the $850 million in bonding, a separate bill that would make $125 million in cash investments through the use of one time budget surplus funds is also moving through the process.
“Bonding helps our communities and economy grow by building the long-term infrastructure — roads, bridges, higher education facilities — needed to help businesses be successful in the future,” said Rep. John Ward (DFL – Baxter), Vice Chair of the House Capital Investment Committee and chief author of last year’s bonding that was signed into law. “This is a great bill that will boost our economy and address some major infrastructure needs.”
The bill contains a number of local projects including:
“A strong bonding bill is good for our economy, our quality of life, and our future,” said Rep. Radinovich. “Investments in our trails will boost our already vibrant tourism industry, while repairs to our colleges will give our students greater economic opportunity. These are strong investments in repairing and enhancing the infrastructure that serves our communities.”
Rep. Ward has also introduced legislation for the Baxter Isle Drive Extension, Brainerd Veterans Nursing Home, and Pequot Lakes Wastewater Treatment Facility Spray Irrigation Replacement.
Reps. Ward and Radinovich said they would continue to push for local projects as the legislation moves through the process.
“As this bill continues to move through negotiations and the legislative process, I will continue advocating for the local projects that are critical to our area,” said Rep. Radinovich.
“I look forward to working with my legislative colleagues and Governor Dayton to ensure that our area is well-represented in the final bonding bill,” added Rep. Ward.
The bill will need bipartisan support, as bonding bills require a two-thirds majority to pass.
The full $850 million bonding bill can be found here: http://www.house.leg.state.mn.us/comm/docs/a14-1037.pdf.
The $125 million general fund bill can be found here: http://www.house.leg.state.mn.us/comm/docs/a14-1038.pdf.
Reps. Ward and Radinovich encourage constituents to contact them with any questions, comments, concerns, or ideas on any legislative topic. Rep. Ward can be reached by phone at 651-296-4333 or by email at rep.john.ward@house.mn. Rep. Radinovich can be reach by phone at 651-296-2365 or email at rep.joe.radinovich@house.mn.