Bill
Bill > SF1270
MN SF1270
City of Tracy water and sewer infrastructure and street reconstruction bond issuance and appropriation
summary
Introduced
02/13/2025
02/13/2025
In Committee
02/13/2025
02/13/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to capital investment; appropriating money for improvements to water and sewer infrastructure and street reconstruction in the city of Tracy; authorizing the sale and issuance of state bonds.
AI Summary
This bill authorizes a $12 million state bond appropriation for infrastructure improvements in the city of Tracy, Minnesota. Specifically, the funds will be used to design, engineer, construct, and equip replacements for aging municipal infrastructure, including water distribution systems, storm sewer systems, and city street reconstruction. The Public Facilities Authority will receive the bond proceeds as a grant for the city, and the commissioner of management and budget is authorized to sell and issue state bonds to provide the funding. The bonds will be issued according to existing state statutes and constitutional provisions governing bond issuance. The bill becomes effective immediately after its final enactment, providing Tracy with significant financial support to modernize its critical urban infrastructure and address failing municipal systems.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to Capital Investment (on 02/13/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1270&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1270&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
Loading...