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MN HF1449

MN HF1449
Revere; storm sewer infrastructure improvements and street reconstruction funding provided, bonds issued, and money appropriated.


summary

Introduced
02/24/2025
In Committee
02/24/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for improvements to storm sewer infrastructure and street reconstruction in the city of Revere; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding and authorization for infrastructure improvements in the city of Revere, Minnesota. Specifically, the bill appropriates $3,600,000 from state bond proceeds to the Public Facilities Authority, which will be granted to the city of Revere for designing, constructing, and equipping infrastructure replacements. The funding is earmarked for improving storm sewer systems and reconstructing city streets to address aging and failing municipal infrastructure. To enable this funding, the commissioner of management and budget is authorized to sell and issue state bonds up to $3,600,000, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after its final enactment, allowing the city to proceed with its infrastructure upgrade plans. This type of legislative action is common for providing targeted municipal infrastructure funding through state-issued bonds.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing (10:15:00 3/11/2025 ) (on 03/11/2025)

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