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Bonding 101

[copy about how the Legislature passes bonding bills]

Bond-financed projects must be:

  • For a public purpose or benefit
    • For example, a community center, highway, or public college
  • Publicly owned
  • Constitute a capital expenditure
    • The project be long lived (10 years or more) and a fixed asset (land, building, capital equipment or other improvement to land)

 

How do bonding bills work?

A city, county, town or state agency determines that their project is eligible for state bonds and creates a bonding proposal.

Three people look at a broken metal pipe on a white table while a fourth person in a work vest points to part of the pipe. They are outdoors.
Senator Zaynab Mohamed, left, and Senator Eric Pratt, second from left, inspect a broken water pipe on the 2023 Bonding Tour.

My city, town, county or township would like to submit a bonding request. What do I do?​

Visit Minnesota Management and Budget’s website for a list of frequently asked questions for local governments seeking bond funds. You can also review Minnesota Management and Budget’s Capital Grants Manual for a guide to the project request process.

If your question is not listed, or you have further questions, reach out to your state senator or representative’s office for assistance.

Find My Legislators

Your elected state legislators in the House and Senate are key partners in a successful bonding request. The first, best step to submitting a project is to reach out to their office. Use the find my state legislators tool if you’re not sure who to contact.

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