Bill > HF580

This bill provides $1,500,000 in state bond funding to the city of Floodwood for water and sewer infrastructure improvements along County Road 832 (Floodwood Road). The appropriation is specifically earmarked for designing and constructing capital improvements, including replacing and expanding water and sewer mains and performing associated street reconstruction with the goal of supporting business and residential development. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $1,500,000 to finance these improvements, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be issued according to established guidelines for state debt issuance, and the funding will become available immediately after the bill's enactment. The project aims to upgrade the city's critical infrastructure and potentially stimulate local economic growth by improving utility systems and street conditions.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0580&ssn=0&y=2025