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HF730 (Legislative Session 94 (2025-2026))

Blue Earth water filtration plant funding provided, bonds issued, and money appropriated.

Related bill: SF406

AI Generated Summary

Purpose

  • The bill provides a capital investment appropriation to support a water infrastructure project in Blue Earth. Specifically, it would allocate funds to help build a reverse osmosis water filtration plant.

Main Provisions

  • Subdivision 1 – Appropriation:
    • Amount: 7,000,000 dollars from the bond proceeds fund.
    • Recipient: The Public Facilities Authority (PFA).
    • Use: A grant to the city of Blue Earth to construct a reverse osmosis water filtration plant.
  • Subdivision 2 – Bond Sale:
    • The money appropriated will be financed by selling and issuing state bonds.
    • Bond amount: Up to 7,000,000 dollars.
    • Process: Bonds will be sold and issued in the manner prescribed by Minnesota statutes (16A.631 to 16A.675) and by the Minnesota Constitution (Article XI, sections 4 to 7).

Funding and Financing Details

  • Source of funds: Bond proceeds fund.
  • Financing mechanism: State bonds funded through the bond proceeds program.
  • Oversight: Bond sale and issuance must follow the referenced statutes and constitutional provisions.

Project Details and Beneficiary

  • Project: Construction of a reverse osmosis water filtration plant.
  • Beneficiary: City of Blue Earth, via a grant administered by the Public Facilities Authority.

Significance and Changes to Law

  • This bill creates a new capital investment appropriation and authorizes the sale of bonds to fund a specific water infrastructure project.
  • It does not alter existing law beyond establishing the appropriation and the bond financing for this project.

Relevant Terms

  • bond proceeds fund
  • Public Facilities Authority (PFA)
  • grant
  • city of Blue Earth
  • reverse osmosis water filtration plant
  • capital investment
  • bond sale / issuing bonds
  • Minnesota Statutes 16A.631 to 16A.675
  • Minnesota Constitution Article XI (sections 4 to 7)

Relevant Terms - bond proceeds fund - Public Facilities Authority - grant - Blue Earth - reverse osmosis - water filtration plant - capital investment - bond sale - Minnesota Statutes 16A.631-16A.675 - Minnesota Constitution Article XI, sections 4-7

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 13, 2025HouseActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill authorizes the sale and issuance of up to $7,000,000 in state bonds for the Blue Earth water filtration plant, and states that the bond sale shall be conducted in the manner prescribed by Minnesota Statutes sections 16A.631 to 16A.675.",
      "modified": []
    },
    "citation": "Minnesota Statutes sections 16A.631 to 16A.675",
    "subdivision": "Subd.2"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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