HF2787
Loretto; water and sewer infrastructure improvements funding provided, bonds issued, and money appropriated.
Legislative Session 94 (2025-2026)
AI Generated Summary
Purpose of the Bill
The bill aims to improve water and sewer infrastructure in the city of Loretto, Minnesota. It provides funding through state bond sales to support this initiative.
Main Provisions
Appropriation of Funds: The bill allocates $2,700,000 from the bond proceeds fund to the Public Facilities Authority. This grant will be used by the city of Loretto for the design, engineering, and construction of upgrades to their water mains, water valves, sanitary sewer system, and stormwater infrastructure. The project also includes related street reconstruction.
Bond Issuance: To finance these improvements, the bill authorizes the sale and issuance of state bonds totaling up to $2,700,000. The terms of the bond issuance will follow existing Minnesota statutes and constitutional provisions.
Significant Changes
This bill initiates a specific infrastructure project by providing state financial assistance through bonds, which is an addition to existing commitments of the state to support local infrastructure developments.
Relevant Terms
- Capital investment
- Water infrastructure
- Sewer system improvements
- State bonds
- City of Loretto
- Public Facilities Authority
Past committee meetings
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Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 26, 2025 | House | Action | Introduction and first reading, referred to | Capital Investment |
Meeting documents
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Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.