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Bill > SF1619


MN SF1619

City of Sturgeon Lake local road projects bond issuance and appropriation


summary

Introduced
02/20/2025
In Committee
02/20/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for local road projects in the city of Sturgeon Lake; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $2,500,000 state bond appropriation specifically for local road improvement projects in the city of Sturgeon Lake, Minnesota. The funds will be used to pave multiple local roads including Timberline Road, Second Street, Lind Street, Cemetery Road, Deer Drive, Birch Lane, Logan Drive, Aspen Lake, Forest Road, Greenbay Road, and First Avenue. Notably, this appropriation does not require the city to provide a matching financial contribution. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds up to $2,500,000 to fund these road projects, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill will take effect immediately after it is enacted, allowing the city to proceed with road improvements using the state-provided funding.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/20/2025)

bill text


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