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Bill > SF307


MN SF307

City of Moose Lake sewer main lining bond issuance 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 to line a sewer main in Moose Lake; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding and authorizes bonding for a sewer main lining project in the city of Moose Lake, Minnesota. Specifically, the bill appropriates $1,575,000 from the state bond proceeds fund to the Public Facilities Authority, which will then provide a grant to the city of Moose Lake. The funds are designated for the predesign, design, and construction of lining a sewer main pipe within the city. To finance this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $1,575,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill includes provisions for how the bonds will be sold and issued, ensuring they comply with existing state financial regulations. The effective date of the bill is the day after it receives final legislative approval, meaning the city can proceed with the sewer main lining project once the bill is enacted.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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