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MN SF404

Mapleton street projects 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 street projects in the city of Mapleton; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding and authorization for street infrastructure improvements in the city of Mapleton, Minnesota. Specifically, the bill appropriates $1,950,000 from the state bond proceeds fund to the commissioner of transportation to design and construct improvements to publicly owned infrastructure on Borchert Street SE and 8th Avenue SE. The appropriation covers not just the street improvements, but also includes money for right-of-way acquisition and street reconstruction associated with the project. To finance these improvements, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the $1,950,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after it is enacted, enabling the city to proceed with its street infrastructure project using state-issued bond funds.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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