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Bill > SF145


MN SF145

Cottonwood public infrastructure replacement bond issue and appropriation


summary

Introduced
01/16/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for replacement of public infrastructure in the city of Cottonwood; authorizing the sale and issuance of state bonds.

AI Summary

This bill authorizes an $8,000,000 bond issue and appropriation for the city of Cottonwood to replace and upgrade its public infrastructure. Specifically, the funding will support Phase 1 of a comprehensive infrastructure improvement project, which includes upgrading the city's sanitary sewer and drinking water distribution systems, reconstructing streets, replacing curb, gutter, and sidewalks, and making necessary improvements to connect to the Lincoln Pipestone Rural Water system to enhance municipal water quality. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds up to $8,000,000 to fund these improvements, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after its final enactment, providing the city of Cottonwood with the financial resources to modernize its critical public infrastructure and improve water services for its residents.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/16/2025)

bill text


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