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Bill > HF2953


MN HF2953

MN HF2953
Shorewood; water main improvements funding provided, bonds issued, and money appropriated.


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 water main improvements in the city of Shorewood; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides funding and authorization for water main infrastructure improvements in the city of Shorewood, Minnesota. Specifically, the bill appropriates $750,000 from state bond proceeds to the Public Facilities Authority, which will be used as a grant to the city of Shorewood for acquiring property and easements, designing, constructing, and equipping water main infrastructure along Mill Street. The bill also authorizes the commissioner of management and budget to sell and issue state bonds up to $750,000 to fund this project, following the procedures outlined in Minnesota Statutes and the state constitution. The bond sale provisions specify that the bonds will be issued according to existing state guidelines for bond issuance. The bill becomes effective immediately after final enactment, which means the funding and bond authorization will take effect as soon as the bill is passed into law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Capital Investment (on 04/01/2025)

bill text


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