HF3582 (Legislative Session 94 (2025-2026))
Kennedy; water storage tanks funding provided, bonds issued, and money appropriated.
Related bill: SF3947
AI Generated Summary
Purpose
This bill aims to invest in state-backed funding to replace water storage tanks in the city of Kennedy. It creates a capital investment for the project and authorizes the sale of state bonds to finance the work.
Main Provisions
- Subdivision 1 – Appropriation: The bill authorizes 734,000 from the bond proceeds fund to be provided as a grant to the Public Facilities Authority (PFA). The PFA would use the grant for Kennedy to predesign, design, engineer, and construct the replacement of the city’s water storage tanks.
- Subdivision 2 – Bond Sale: To finance the appropriation, the commissioner of management and budget must sell and issue state bonds totaling up to 734,000 from the bond proceeds fund, following the terms of the relevant laws and the Minnesota Constitution.
Who Is Involved
- Public Facilities Authority (recipient of the grant for the Kennedy project)
- City of Kennedy (the beneficiary for the water storage tanks replacement)
- Commissioner of Management and Budget (responsible for issuing the bonds)
- Minnesota statutes and constitution (governing how the bonds are issued)
Financial Mechanism and Legal Framework
- Funding Source: Bond proceeds fund
- Financing Method: Sale and issuance of state bonds up to 734,000
- Legal Framework: Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution Article XI (sections 4 to 7)
Estimated Impact
- Project cost covered: Up to 734,000
- Purpose: Predesign, design, engineering, and construction for replacing Kennedy’s water storage tanks
- Result: Improved water storage infrastructure in Kennedy funded through state debt financing
Implementation Timeline and Process (as described)
- The bill designates a grant and bond authorization; implementation would follow standard processes for grant administration by the PFA and bond issuance procedures set out in state law.
Significance
- This is a targeted infrastructure investment funded via state bonds to improve a municipal water storage system, using established state financing and grant mechanisms.
Relevant Terms - capital investment - appropriation - bond proceeds fund - Public Facilities Authority - grant - city of Kennedy - water storage tanks - predesign - design - engineer - construct - replacement - bond sale / sale and issue of bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI - commissioner of management and budget - Kennedy water storage tanks - bond proceeds fund - state bonds
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2026 | House | Action | Introduction and first reading, referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references Minnesota Statutes sections 16A.631 to 16A.675 as the authority for selling and issuing state bonds.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee