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MN HF570

MN HF570
Aitkin; funding provided to extend utilities to a housing and economic development park, 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 to extend utilities to a housing and economic development park in Aitkin; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $3,840,000 in state funding to the city of Aitkin to extend public utilities, specifically water and sanitary sewer services, to a housing and economic development park. The funding will support the predesign, design, and engineering of utility infrastructure, which will also serve a new public school facilities site. To finance this project, the commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect immediately after it is enacted, aiming to support local infrastructure development and economic growth in the Aitkin area by improving utility access to a designated development park and school site.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

bill text


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