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MN SF579

Spicer public infrastructure 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 public infrastructure in the city of Spicer; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $2,100,000 in state bond proceeds to the city of Spicer for public infrastructure improvements in the County Road 8 area. Specifically, the funding will be used to design, construct, and equip infrastructure including a new lift station, sewer, water, and roadway improvements with the goal of encouraging economic growth and development. The commissioner of management and budget is authorized to sell and issue state bonds up to the $2,100,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after it is enacted, allowing the city to proceed with its infrastructure project. The appropriation represents a targeted investment in local municipal infrastructure aimed at supporting potential economic development in the southeast portion of Spicer.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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