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Bill > SF336


MN SF336

Rock County water tower 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 a water tower in Rock County; 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 designated for Rock County Rural Water to design, construct, and equip a new water tower on the west side of their existing water system. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $1,000,000 to fund this project, following the standard procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in alignment with the Minnesota Constitution's provisions on state bonding. The bill becomes effective immediately after its final enactment, which means the funding and bond authorization will take effect as soon as the legislative process is complete. This type of legislation is common for local infrastructure improvements, where the state provides financial assistance to help rural communities upgrade critical water infrastructure.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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