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Bill > SF3126


MN SF3126

Tonka Bay public infrastructure improvement bond issue and appropriation


summary

Introduced
04/01/2025
In Committee
04/01/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for public infrastructure improvements in the city of Tonka Bay; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $5.7 million state bond appropriation for public infrastructure improvements in the city of Tonka Bay, Minnesota. Specifically, the funding is designated for designing, constructing, and equipping replacements of aging municipal infrastructure, including water distribution systems, storm sewers, sanitary sewers, and street reconstruction in the Lakeview and Wildhurst neighborhoods. 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 and the state constitution. The bond proceeds will come from the state bond proceeds fund, and the legislation would take effect immediately after final enactment. This type of targeted infrastructure investment aims to help a local municipality upgrade its essential public infrastructure, addressing aging systems that may be critical to maintaining public health, safety, and community quality of life.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 04/01/2025)

bill text


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