Senate Capital Investment Committee
2018 Bonding Tours
January 8-9, 2018
- Highway 101 Partnership, Chanhassen
- Lake Waconia Regional Park, Waconia
- Highway 23 Coalition, Willmar
- Highway 55 rail grade separation, Willmar
- Ridgewater College, Willmar
- Proposed veterans home, Montevideo
- Clarkfield School demolition
- Lake Redwood project, Redwood Falls
- Agricultural Utilization Research Institute (AURI), Marshall
- Southwest Minnesota State University, Marshall
- Minnesota Emergency Response & Industrial Training (MERIT) Center, Marshall
- South Highway utility reconstruction project, Jackson
- Memorial Park redevelopment, Jackson
- Minnesota West Community & Technical College
- Wastewater treatment facilities, Windom
- Blazing Star Landing & Blazing Star Trail, Albert Lea
- Riverland Community College, Austin
- Wastewater treatment facility, Waldorf
- Clinical sciences facility (phase II), Minnesota State University-Mankato
- Wastewater treatment facility, Winnebago
- Water quality mitigation, Mankato
January 16-18, 2018
- New Hope Community Center, New Hope
- Rocori School District trail (phase III), Cold Spring
- Water infrastructure improvements, Cold Spring
- Camp Ripley, Little Falls
- U.S. Highway 10 improvements, Wadena
- Perham Community Center
- Bemidji State University
- Red Lake School District, ISD #38 facilities enhancements
- Proposed veterans home, Bemidji
- Water and sewer infrastructure, Mahnomen
- Proposed joint public safety facility (Mahnomen County, City of Mahnomen, and White Earth Nation)
- Addiction treatment facility, Mahnomen
- Northland Community and Technical College, Thief River Falls
- Northwest Angle School (Angle Inlet School), Warroad
- Public infrastructure, Noper
- North Country Food Bank, Crookston
- University of Minnesota-Crookston
- Minnesota State University Moorhead
- Solid waste/sanitation, Moorhead
- Fergus Falls Regional Treatment Center
- Runestone Community Center, Alexandria
- Waite Park amphitheater
- St. Cloud Community and Technical College
- Highbanks Ravine rehabilitation, St. Cloud
- St. Cloud Armory
- Minnesota Correctional Facility-St. Cloud
January 30-February 1, 2018
February 12-13, 2018
Minneapolis/Western Metro Area
January 10, 2018
- The Children’s Theatre Company, Minneapolis
- New facility proposal, Hennepin County Regional Medical Examiners
- Storm drainage system and tunnels, Minneapolis
- 12th Avenue SE/East Hennepin Avenue, Minneapolis
- University of Minnesota-Twin Cities
- Minneapolis Emergency Operations and Training Facility
- Upper Harbor Terminal, Minneapolis
- Minneapolis Family Partnership
- Cedar Cultural Center, Minneapolis
- Mississippi River habitat
- St. Anthony Falls (former Scherer Brothers site), Minneapolis
- 26th Avenue North connections, Minneapolis
- Upper St. Anthony Falls Lock and Dam & Visitor Center, Minneapolis
- Proposed “Water Works Park”, Minneapolis
Saint Paul/Eastern Metro Area
February 14, 2018
What are bonding tours?
2018 Capital Investment Tour
Beginning next week, I will join the other members of the Senate Capital Investment Committee as we travel around the state as we visit some of the important projects requesting state bonding dollars. As we put together a bonding bill later this year, these tours allow us a critical firsthand look at where these funds may go.Posted by Senator David Senjem on Friday, January 5, 2018
Bonding tours will continue over the next several weeks, with tours scheduled for each geographical region of the state. When the 2018 legislative session convenes on February 20, the Capital Investment Committee will begin holding hearings on select bonding proposals. Using information taken from the tours and hearings, along with other factors, the committee will then begin to assemble a bonding bill. A bonding bill must pass both legislative chambers with a three-fifths majority vote. The legislature must adjourn by May 21, 2018.
- Montevideo makes its mark again for vet home, turns out for bonding tour, West Central Tribune
- Promoting local projects, Albert Lea Tribune
- Senate Capital Investment Committee tours southwest MN, Voice of Alexandria
- Bonding committee hears ‘the ask’: Willmar area officials request funds for roads, college maintenance projects, West Central Tribune
- Local leaders make pitch for state funds, Jackson County Pilot
- ‘It’s falling apart’: Waldorf asks for $2M for water treatment overhaul, Mankato Free Press
- Minnesota Senate Capital Investment Committee kick off bonding tour, WNAX Radio
- Senate Bonding Committee starts tour of projects in Minnesota, KAUS Radio (Mower County)
- State Senate committee visits Lake Redwood, hears proposal for reclamation project, Redwood Falls Gazette
- Senate Bonding Committee visits Willmar, Montevideo, KWLM Radio (Willmar)
- City talks Blazing Star developers, Albert Lea Tribune
- Clarkfield school demo estimated at $1.4 million, West Central Tribune
- Minnesota legislators will visit NCFB, UMC Wednesday, Crookston Times
- State senators tour Hagg-Sauer, where officials hope to replace aging building, Bemidji Pioneer
- State Bonding Committee drops in for a look at Highway 10, Wadena Pioneer Journal
- Bemidji seeks state funding for proposed northern Minn. veterans home, Duluth News Tribune
- Minnesota Senate Capital Investment Committee visited North Country Food Bank and UMC Wednesday, Crookston Times
- Bemidji seeks state funding for proposed northern Minn. veterans home, Park Rapids Enterprise
- ‘Ready to step up’: Local advocates say Bemidji is the right place for veterans home, Bemidji Pioneer
- Hopes remain high for proposed Montevideo veterans home, Granite Falls Advocate Tribune
Frequently asked questions
What is bonding?
“Bonding” refers to the process by which the state finances certain construction projects of local, regional, and statewide significance through the selling of bonds. In short, bonds are a form of debt; they are promises to repay the money borrowed at a specified time and interest rate. The bonding process is relatively simple and, in many ways, similar to a loan: the state borrows money to pay for larger-scale construction projects by selling bonds to investors who, in return, will earn interest as the agencies pay them back. Since infrastructure projects typically make up a significant portion of bonding bills, these bonds come in the form of general obligation bonds and are guaranteed by the state. In addition to bonding, the state also uses cash from other areas of the budget to pay for these projects.
What is a bonding bill?
A “bonding bill”, also known as a capital investment bill, is a piece of legislation that authorizes the issuing of bonds and other capital to pay for certain construction projects and infrastructure upgrades. Projects are only eligible for bonding if they are publicly-owned and designated as infrastructure; bonding bills typically include projects requested by local governments, including colleges, universities, cities, counties, townships, and other public entities. The projects that end up being included in a bonding bill are selected by legislators after touring the state and speaking with stakeholders. Examples of the types of projects often funded through a bonding bill include construction, renovations, and upgrades at colleges and universities, hospitals, prisons, wastewater treatment facilities, bridges, trails, parks, airports, and other public buildings. Bonding bills must pass both the House and the Senate with a three-fifths majority vote and must be signed by the governor before becoming law.
How do projects seek bonding?
The process of assembling a bonding bill begins when local units of government and other state agencies submit requests seeking bonding as financing for their projects. Minnesota Management and Budget (MMB) is the state agency responsible for collecting these requests. In 2017, there were nearly $4 billion in bonding requests and a bonding bill of $988 million was eventually passed.
How many projects are seeking capital in 2018?
More than $3.5 billion in capital requests have been made by colleges, cities, counties, agencies, townships, and other local governments. Projects that have requested funding include infrastructure upgrades, building needs, construction, wastewater treatment upgrades, and other important projects that directly impact the lives of millions of Minnesotans.
Who sits on the committee?
Where can I find more information?
How can I get in touch?
This is the official webpage of the Minnesota Senate Capital Investment Committee. This page is operated by the Senate Capital Investment Committee and the Minnesota Senate Republican Caucus.
If you would like to get in touch regarding a capital request, please contact:
Suzy Geroux, committee administrator
Phone: (651) 296-9477
If you would like to get in touch regarding a press inquiry or a website question, please contact:
Jake Schneider, communications staff
Phone: (651) 296-9477