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Bill > SF1236


MN SF1236

Excelsior street reconstruction public infrastructure bond issue and appropriation


summary

Introduced
02/10/2025
In Committee
02/10/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for reconstruction of public infrastructure in the city of Excelsior; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding for street reconstruction and public infrastructure improvements in the city of Excelsior, Minnesota. Specifically, the bill appropriates $13,287,000 from state bond proceeds to the public facilities authority, which will be granted to the city of Excelsior for comprehensive infrastructure upgrades. The funding covers expenses related to predesign, design, engineering, right-of-way acquisition, construction, and improvements to publicly owned infrastructure including water mains, storm sewers, sanitary sewers, curbs, gutters, and other elements in line with the city's Pavement Management Plan. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $13,287,000 to finance the project, following standard state bonding procedures outlined in Minnesota statutes and constitution. Notably, any expenses the city has already incurred for this project before the bill's effective date can be counted toward the required non-state matching funds. The bill becomes effective the day after it is finally enacted.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/10/2025)

bill text


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