Bill > HF2787

This bill provides funding and authorizes bonding for infrastructure improvements in the city of Loretto, Minnesota. Specifically, the bill appropriates $2,700,000 from state bond proceeds to the Public Facilities Authority, which will be used to design, engineer, and construct replacements for water mains, water valves, sanitary sewer systems, and stormwater systems in Loretto. The bill also authorizes the commissioner of management and budget to sell and issue state bonds up to $2,700,000 to fund these improvements, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The infrastructure project will include associated street reconstruction, and the bill becomes effective immediately after its final enactment. This type of legislation is common for supporting local municipal infrastructure upgrades that might be too costly for a small city to fund independently.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2787&ssn=0&y=2025