Bill > HF864

This bill provides $2,000,000 in state bond funding to the city of Mountain Lake for public infrastructure improvements designed to expand housing. Specifically, the funds will be used to design and construct infrastructure projects including streets, clean drinking water systems, and sanitary and stormwater sewer systems. The Minnesota Commissioner of Management and Budget is authorized to sell and issue state bonds up to $2,000,000 to finance these improvements, 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, with the Public Facilities Authority administering the grant to the city. This type of targeted infrastructure investment aims to support local community development by addressing critical infrastructure needs that can facilitate housing expansion in a smaller Minnesota city.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0864&ssn=0&y=2025