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MN SF218

Waseca clean water infrastructure 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 clean water infrastructure in the city of Waseca; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $1,000,000 from state bond proceeds to the Public Facilities Authority specifically for the city of Waseca to support a new water tower infrastructure project. The funding can be used to acquire land, obtain permanent easements, and cover pre-design, survey, and design costs for the water tower. Notably, the appropriation does not require a matching contribution from the city, which means the entire $1,000,000 will come from state bond funds. To finance this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $1,000,000, following established state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after its final enactment, enabling the city of Waseca to proceed quickly with its water infrastructure improvement plans.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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