HF884

HF884 (Legislative Session 94 (2025-2026))

Alpha; infrastructure improvements funding provided, bonds issued, and money appropriated.

Related bill: SF162

AI Generated Summary

Purpose

To fund infrastructure improvements in the city of Alpha by providing a state grant financed with bonds. The project covers wastewater and water systems, plus streets and related infrastructure around the project site.

Main Provisions

Subdivision 1. Appropriation
- Amount: 6,744,000 dollars is appropriated from the bond proceeds fund.
- Recipient and purpose: The Public Facilities Authority (PFA) will use the funds to grant the city of Alpha to design, construct, and equip improvements to municipal infrastructure. This includes:
- wastewater treatment facility and wastewater collection system
- water treatment facilities and water distribution system
- reconstruction of streets, sidewalks, curb and gutter associated with the project
Subdivision 2. Bond sale
- Financing: The money appropriated will be raised by selling state bonds up to 6,744,000 dollars.
- Process and authority: Bonds will be issued by the Commissioner of Management and Budget under the terms of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution Article XI sections 4 to 7.

Effect and Significance

This bill creates a new capital investment financing mechanism specifically for Alpha’s infrastructure project.
It directs bond-financed funding to the city via a grant administered by the Public Facilities Authority.
It requires state bond issuance to support the project, rather than using annual operating funds.

Implementation and Oversight

Administration: The Public Facilities Authority administers the grant to the city of Alpha.
Financing: The Commissioner of Management and Budget is responsible for issuing the bonds, following the referenced statutes and constitutional provisions.

Estimated Financial Impact

Total bonds authorized: up to 6,744,000 dollars.
Source of funds: bond proceeds fund.
Intended use: design, construction, and equipment for wastewater, water, and street-related improvements in Alpha.

Relevant changes to law - Establishes a new appropriation from the bond proceeds fund for Alpha and directs the issuance of state bonds to finance the grant.

Relevant Terms - Public Facilities Authority - grant - city of Alpha - wastewater treatment facility - wastewater collection system - water treatment facilities - water distribution system - streets, sidewalks, curb and gutter - bond proceeds fund - bond sale / state bonds - Commissioner of Management and Budget - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - capital investment - infrastructure improvements

Bill text versions

Introduction PDF file
Introduction PDF PDF file

Past committee meetings

Capital Investment on: April 03, 2025 10:15

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 17, 2025	House		Action	Introduction and first reading, referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Authorizes the sale and issuance of state bonds under Minnesota Statutes sections 16A.631 to 16A.675 to fund a bond proceeds appropriation for Alpha infrastructure improvements.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Progress through the legislative process

17%

In Committee