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MN SF337

Mountain Lake public infrastructure bond issue and appropriation


summary

Introduced
01/21/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

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

AI Summary

This bill provides a $2,000,000 state bond appropriation specifically for the city of Mountain Lake to improve and expand public infrastructure. The funding is designated for designing and constructing critical infrastructure projects, including street improvements, clean drinking water systems, and sanitary and stormwater sewer upgrades, with the primary goal of supporting housing expansion in the city. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds up to the $2,000,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect immediately after final legislative enactment, enabling the city to proceed with its infrastructure development and housing expansion plans. By providing this targeted infrastructure investment, the bill aims to support the city's municipal development and potentially enhance local residential growth opportunities.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/21/2025)

bill text


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