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Bill > SF827


MN SF827

Lewisville water and wastewater infrastructure improvements 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 water and wastewater infrastructure improvements in the city of Lewisville; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $10 million from state bond proceeds to the Public Facilities Authority for the city of Lewisville to fund critical water and wastewater infrastructure improvements. Specifically, the funding will support the design, engineering, construction, and equipment of sewer systems, stormwater infrastructure, and water tower refurbishment, with the potential to also include road and sidewalk reconstruction associated with these improvements. The appropriation is contingent upon the commissioner of management and budget verifying that sufficient additional funds have been committed to complete the project. To finance this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $10 million, following established state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after its final enactment, enabling the city of Lewisville to proceed with its critical infrastructure upgrade project.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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