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Bill > HF602


MN HF602

MN HF602
Stephen; water and sewer infrastructure and street reconstruction improvement funding provided, bonds issued, and money appropriated.


summary

Introduced
02/13/2025
In Committee
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 Stephen; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $8 million in state bond funding specifically for infrastructure improvements in the city of Stephen, Minnesota. The funding is designated to support comprehensive municipal infrastructure upgrades, including the replacement and improvement of water distribution systems, sanitary sewer systems, storm sewer systems, and city street reconstruction. The Public Facilities Authority will administer the grant to the city, with the funds intended to address aging and failing municipal infrastructure. To finance this project, the commissioner of management and budget is authorized to sell and issue state bonds up to $8 million, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after it is enacted, enabling the city to proceed with its critical infrastructure modernization efforts. This type of targeted infrastructure investment is common in Minnesota, where state bonds are used to help local governments upgrade essential public infrastructure that might otherwise be too costly for smaller municipalities to undertake on their own.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing (10:15:00 3/11/2025 ) (on 03/11/2025)

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