summary
Introduced
03/06/2025
03/06/2025
In Committee
03/06/2025
03/06/2025
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 appropriates $7,084,000 in state bond proceeds 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 will enhance the structural integrity, safety, and operational capabilities of the dam. The commissioner of management and budget is authorized to sell and issue state bonds to provide the necessary funding, following standard state bonding procedures outlined in Minnesota Statutes. The bill specifies that the bonds will be issued in accordance with existing legal guidelines for state bond issuance, including provisions in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution. The legislation will take effect the day after it receives final legislative approval, enabling the Three Rivers Park District to proceed with the dam improvements using the allocated state bond funds.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Capital Investment (on 03/06/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2204&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2204&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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