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Bill > SF1008


MN SF1008

City of Stillwater Myrtle Street reconstruction 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 the reconstruction of Myrtle Street in the city of Stillwater; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $2,023,000 from state bond proceeds to the Minnesota Department of Transportation for the city of Stillwater to reconstruct Myrtle Street, specifically the segment running from Owens Street to Main Street. The funding will cover the design and reconstruction of the street, including replacement of sidewalks, curbs, gutters, and other associated public infrastructure. 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 street reconstruction project, with the bill becoming effective immediately after it is enacted. This type of legislative action is a common way for states to fund local infrastructure improvements by providing targeted grants and issuing bonds to cover the project costs.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

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

bill text


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