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MN SF1015

MN SF1015
City of Minneapolis water distribution facility bond issuance 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 a water distribution facility for the city of Minneapolis; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $5,700,000 from state bond proceeds to the Public Facilities Authority to provide a grant to the city of Minneapolis for the development of a water distribution facility. The facility will be located in either Hennepin or Anoka County and the funding will cover activities including predesign, design, engineering, environmental analysis, and construction. The bill authorizes the commissioner of management and budget 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 bonds will be used to finance the water distribution facility project, which aims to improve water infrastructure in the Minneapolis area. The bill becomes effective immediately after final enactment, allowing the city to proceed with the project planning and implementation.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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