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Bill > HF1929


MN HF1929

MN HF1929
Coon Rapids Dam capital improvements funding provided, bonds issued, and money appropriated.


summary

Introduced
03/05/2025
In Committee
03/05/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for capital improvements to the Coon Rapids Dam; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $7,084,000 in state bond funding to the Three Rivers Park District for capital improvements to the Coon Rapids Dam, which is located on the Mississippi River. The funding will be used specifically to design, engineer, and construct improvements that enhance the dam's structural integrity, safety, and operational capabilities. The bill authorizes the commissioner of management and budget to sell and issue state bonds to finance these improvements, following standard state bonding procedures outlined in Minnesota Statutes. The bonds will be issued according to the legal guidelines in sections 16A.631 to 16A.675 and the Minnesota Constitution. The bill becomes effective immediately after it is enacted, enabling the Three Rivers Park District to proceed with the dam renovation project using these state-provided funds.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Hearing (10:15:00 3/13/2025 ) (on 03/13/2025)

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