Bill > HF2542

This bill provides $4,500,000 in state bond funding to the town of Bridgewater in Rice County to support the construction of public infrastructure for an affordable housing community. Specifically, the funding will be used to develop essential infrastructure including a water well, wastewater treatment system, and roads. The Public Facilities Authority will receive the funds, which will be raised through the sale of state bonds in accordance with existing state financial regulations (Minnesota Statutes, sections 16A.631 to 16A.675) and constitutional provisions. The bill authorizes the commissioner of management and budget to sell and issue up to $4,500,000 in state bonds to finance these infrastructure improvements, with the funding aimed at facilitating the development of the Bridgewater Affordable Housing Community. The bill becomes effective immediately after its final enactment, enabling the town to proceed with its infrastructure development plans to support new affordable housing.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2542&ssn=0&y=2025