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MN SF630

MN SF630
Red Lake Falls infrastructure rehabilitation bond issue and appropriation


summary

Introduced
01/27/2025
In Committee
01/27/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for infrastructure rehabilitation in the city of Red Lake Falls; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $5,947,000 bond issue and appropriation for the city of Red Lake Falls to rehabilitate its municipal infrastructure. Specifically, the funding will support predesign, design, construction, and equipment for infrastructure upgrades, including improvements to the city's sanitary and storm sewer systems, as well as repair and reconstruction of city streets, with provisions for replacing or repairing sidewalks, curbs, and gutters. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the $5,947,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The appropriation is designed to help the city modernize and repair its critical infrastructure, with the bill becoming effective immediately after its final enactment. The bond proceeds will come from the state's bond proceeds fund, providing a financial mechanism for the city to undertake these significant infrastructure rehabilitation projects.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/27/2025)

bill text


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