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Bill > HF404


MN HF404

MN HF404
Excelsior; public infrastructure reconstruction 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 reconstruction of public infrastructure in the city of Excelsior; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $13,287,000 in state bond funding for the city of Excelsior to support a comprehensive public infrastructure reconstruction project. The appropriation will fund street reconstruction and replacement of publicly owned infrastructure, including water mains, storm sewers, sanitary sewers, curbs, gutters, and related improvements, in line with the city's Pavement Management Plan. The bill allows for the funding to cover expenses related to predesign, design, engineering, right-of-way acquisition, and construction. Importantly, any infrastructure-related expenses the city has already incurred prior to the bill's effective date can be counted toward the required non-state matching funds. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds up to $13,287,000 to provide these funds, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill will take effect the day after it receives final legislative approval.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing (10:15:00 3/27/2025 ) (on 03/27/2025)

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