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MN SF1076

MN SF1076
Waite Park Quarry Redevelopment Project bond issue and appropriation


summary

Introduced
02/06/2025
In Committee
02/06/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for the Quarry Redevelopment Project in Waite Park; authorizing the sale and issuance of state bond proceeds.

AI Summary

This bill provides a $3,200,000 state bond appropriation to the city of Waite Park for the Quarry Redevelopment Project, specifically to fund capital improvements including parking, lighting, and pedestrian access upgrades. The bill authorizes the commissioner of management and budget to sell and issue state bonds to finance the project, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the Minnesota Constitution. The bond proceeds will be used to design, construct, furnish, and equip the specified infrastructure improvements at the Quarry Redevelopment Project site. The bill becomes effective the day after it is finally enacted, which means it will take effect immediately after receiving final legislative approval and being signed into law.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Author added Howe (on 04/01/2025)

bill text


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