SF1043 (Legislative Session 94 (2025-2026))
Keewatin water, sewer, and street infrastructure bond issue and appropriation
Related bill: HF242
AI Generated Summary
Purpose
- This bill proposes a capital investment project to support the City of Keewatin. It would provide funding to improve essential local infrastructure, including water, sewer, and streets.
Main provisions
- Appropriation of funds:
- Allocates 5,500,000 from the bond proceeds fund.
- The money goes as a grant to the City of Keewatin, administered by the Department of Employment and Economic Development (DEED).
- The grant is for designing, constructing, furnishing, and equipping the replacement and reconstruction of water mains, sanitary sewer lines, storm sewer systems, and streets in Keewatin.
- Bond financing:
- Requires the Commissioner of Management and Budget to sell and issue state bonds up to 5,500,000 to fund the appropriation.
- Bonds would be issued under the state’s existing bonding framework (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution, Article XI, sections 4 to 7.
Significant changes to existing law
- Creates a new appropriation specifically for Keewatin’s water, sewer, storm sewer, and street infrastructure as part of the capital investment program.
- Establishes authorization to issue bonds for this project, aligning with current bonding laws and constitutional provisions without altering those frameworks.
What this bill seeks to accomplish
- Provide targeted funding and financing for a major local infrastructure upgrade in Keewatin, enabling the city to replace and upgrade water mains, sewer systems (sanitary and storm), and street improvements.
Potential implications
- The city would receive a grant to support comprehensive utility and street reconstruction.
- State debt would be increased up to 5.5 million through bond issuance to finance the project.
Relevant Terms - water mains - sanitary sewer lines - storm sewer systems - streets - replacement and reconstruction - grant - City of Keewatin - Department of Employment and Economic Development (DEED) - bond proceeds fund - bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, Sections 4-7 - capital investment - infrastructure funding
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 06, 2025 | Senate | Action | Introduction and first reading | ||
| February 06, 2025 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill authorizes the sale and issuance of state bonds in accordance with Minnesota Statutes sections 16A.631 to 16A.675. It does not itself create or modify these statutes.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee