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Bill > HF336


MN HF336

MN HF336
Waite Park; Quarry Redevelopment Project 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 the Quarry Redevelopment Project in Waite Park; authorizing the sale and issuance of state bond proceeds.

AI Summary

This bill appropriates $3,200,000 in state bond proceeds to the city of Waite Park for the Quarry Redevelopment Project, specifically to fund capital improvements including parking, lighting, and pedestrian access infrastructure. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to this amount, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the Minnesota Constitution. The bond sale will provide direct funding for the city to design, construct, furnish, and equip these redevelopment project improvements. The bill becomes effective immediately after it is enacted, which means the funding and bond issuance can proceed quickly once the legislative process is complete.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Capital Investment (on 02/13/2025)

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