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MN HF584

MN HF584
Proctor; Interstate Highway 35 commercial development funding provided for utility extensions and upgrades, 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 city of Proctor to provide utility extensions and upgrades for marked Interstate Highway 35 commercial development; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding and authorization for utility infrastructure improvements in the city of Proctor, Minnesota, specifically along Interstate Highway 35. The bill appropriates $3,500,000 from state bond proceeds to the Public Facilities Authority, which will be granted to the city of Proctor to predesign, design, and construct water, sewer, and electric utility extensions. These extensions will run from Ugstad Road on the north side of Interstate 35 to the south side, along the frontage road, and include utility replacements from Ugstad Road to 2nd Street. The bill also authorizes the commissioner of management and budget to sell and issue state bonds up to $3,500,000 to fund these improvements, following standard state bonding procedures outlined in Minnesota statutes and constitution. Notably, this appropriation does not require a matching contribution from non-state sources, and the bill will become effective immediately following its final enactment.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Hearing (10:15:00 4/3/2025 ) (on 04/03/2025)

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