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Bill > SF1044


MN SF1044

Aitkin housing and economic development park utilities extension 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 to extend utilities to a housing and economic development park in Aitkin; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $3,840,000 to the commissioner of employment and economic development to provide a grant to the city of Aitkin for extending public utilities, specifically water and sanitary sewer services, to Aitkin's housing and economic development park. The utilities extension will include preparing infrastructure for a new public school facilities site. To fund this project, the commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's primary goal is to support local infrastructure development by providing the necessary funding to extend utilities to a designated area that will support both housing and economic growth, as well as educational facilities. The bill becomes effective immediately after its final enactment, enabling the city to proceed with utility infrastructure planning and development.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/06/2025)

bill text


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