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MN SF526

Chisholm public works maintenance facility bond issue and appropriation


summary

Introduced
01/23/2025
In Committee
01/23/2025
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 public works maintenance facility in the city of Chisholm; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $3,000,000 state bond appropriation to the city of Chisholm for the purpose of designing, constructing, furnishing, and equipping a new public works maintenance facility. The funding will come from state bond proceeds, and uniquely, this appropriation does not require a matching contribution from the city. The commissioner of management and budget is authorized to sell and issue state bonds up to the $3,000,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill specifies that the funding can be used comprehensively for the facility project, covering everything from initial design to final equipment installation. The bonds will be issued according to established state financial regulations, specifically referencing Minnesota Statutes sections 16A.631 to 16A.675 and relevant constitutional provisions. The bill becomes effective immediately after it is formally enacted, allowing the city of Chisholm to proceed with its public works maintenance facility project.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/23/2025)

bill text


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