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MN SF497

MN SF497
City of Albert Lea wastewater treatment facility improvements bond issuance 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 wastewater treatment facility improvements in the city of Albert Lea; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $37 million in state bond proceeds to the Public Facilities Authority to provide a grant to the city of Albert Lea for comprehensive wastewater treatment facility improvements. The funding will cover design, demolition, construction, and equipment upgrades, including renovation, repairs, and replacement of infrastructure, treatment systems, buildings, and other facility structures. The appropriation will become available once the commissioner of management and budget confirms sufficient resources are committed to complete the project. To finance these improvements, the commissioner of management and budget is authorized to sell and issue state bonds up to $37 million, following established state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect the day after final enactment, enabling Albert Lea to proceed with critical upgrades to its wastewater treatment infrastructure.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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