Bill > SF405

This bill appropriates $10,538,000 from state bond proceeds to fund street reconstruction projects in the city of Fairmont, Minnesota. Specifically, the funding will support the construction of Kot Street (from Charles Street to South Prairie Avenue) and an extension of Fairlakes Avenue (connecting Woodland Avenue with Lake Avenue). The appropriation covers expenses related to right-of-way and easement acquisition, public utilities, and associated street infrastructure. The bill authorizes the commissioner of management and budget to sell and issue state bonds to finance the project, following standard state bonding procedures outlined in Minnesota Statutes. The bonds will be issued in accordance with Minnesota constitutional provisions regarding state debt, and the appropriation is exempt from certain standard budget requirements. The bill becomes effective immediately after final enactment, enabling the city to proceed with the street reconstruction project using state-backed funding.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0405&ssn=0&y=2025