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Bill > SF1236
MN SF1236
Excelsior street reconstruction public infrastructure bond issue and appropriation
summary
Introduced
02/10/2025
02/10/2025
In Committee
02/10/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1236&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1236&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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