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Bill > SF836


MN SF836

Revere storm sewer infrastructure and street reconstruction bond issue and appropriation


summary

Introduced
01/30/2025
In Committee
01/30/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for improvements to storm sewer infrastructure and street reconstruction in the city of Revere; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $3,600,000 from the state bond proceeds fund to the Public Facilities Authority specifically for the city of Revere to improve its municipal infrastructure. The funds are designated for two primary purposes: upgrading the storm sewer system and reconstructing city streets. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the $3,600,000 amount, following established state procedures outlined in Minnesota Statutes and the state constitution. The bonds will be used to finance the design, construction, and equipment replacement of aging and failing infrastructure in Revere. This appropriation is intended to help the city address critical infrastructure needs, particularly in its storm water management and street conditions. The bill becomes effective immediately after it is enacted, allowing the city to proceed with its infrastructure improvements in a timely manner.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to Capital Investment (on 01/30/2025)

bill text


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