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MN SF3235

Shorewood water main improvements bond issue and appropriation


summary

Introduced
04/02/2025
In Committee
04/02/2025
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 $750,000 in state bond funding for water main infrastructure improvements in the city of Shorewood, specifically for water main work along Mill Street. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $750,000 to finance the project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be used to support the city's efforts to acquire necessary property and easements, design and construct water main infrastructure, and potentially purchase equipment related to the project. The funding is intended to help Shorewood upgrade its water infrastructure, and the bill will take effect immediately after it is enacted. By using state bonds, the city can spread the cost of the infrastructure improvements over time, making the project more financially feasible.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 04/02/2025)

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