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Bill > SF138


MN SF138

Proctor utility extensions and upgrades for marked Interstate 35 commercial development 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 the city of Proctor to provide utility extensions and upgrades for marked Interstate Highway 35 commercial development; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $3,500,000 from state bond proceeds to the Public Facilities Authority for a grant to the city of Proctor to fund utility infrastructure improvements along Interstate Highway 35. Specifically, the funding will support predesign, design, and construction of water, sewer, and electric utility extensions that will cross from the north side of Ugstad Road to the south side of the highway, including work along the frontage road and utility replacements from Ugstad Road to 2nd Street. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $3,500,000 to provide the funding, following standard state bonding procedures outlined in Minnesota statutes and constitutional provisions. Importantly, this appropriation does not require a matching contribution from non-state sources, and the bill will take effect immediately after its final enactment. The project aims to support infrastructure development and potential commercial growth in the Proctor area near Interstate 35.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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