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SF163 (Legislative Session 94 (2025-2026))

Lake Benton public infrastructure improvements bond issue and appropriation

Related bill: HF874

AI Generated Summary

Purpose

Provide funding for public infrastructure improvements in the city of Lake Benton by supporting the design, engineering, construction, and replacement of water, sewer, and storm sewer systems along the US Highway 75 corridor, in coordination with the highway reconstruction. The bill also authorizes the sale of state bonds to finance this project.

Main Provisions

  • Subdivision 1 (Appropriation): An amount of 863,000 is appropriated from the bond proceeds fund to the Public Facilities Authority (PFA) to grants to the city of Lake Benton. The grant will cover design, engineering, construction, and replacement of sanitary sewer, water, and storm sewer infrastructure along the marked US Highway 75 corridor, in connection with the reconstruction of US Highway 75.
  • Subdivision 2 (Bond Sale): To fund the appropriation, the Commissioner of Management and Budget shall sell and issue state bonds up to 863,000. This bonding must follow the terms and effects of Minnesota Statutes sections 16A631 to 16A675 and the Minnesota Constitution, Article XI sections 4 to 7.

Significant Changes to Existing Law

  • Creates a new capital investment appropriation and bonding authority for the Lake Benton infrastructure project.
  • Uses the bond proceeds fund to finance a grant through the Public Facilities Authority to the city of Lake Benton.
  • Requires bond issuance under existing Minnesota bonding statutes and constitutional provisions, tying the project to ongoing state financing rules rather than creating new statutory procedures.

Additional Context

  • The project aligns infrastructure improvements with the planned reconstruction of US Highway 75, ensuring that sewer, water, and storm sewer work accompanies highway work to maximize efficiency and long-term benefits.

Relevant Terms - appropriation - bond proceeds fund - Public Facilities Authority (PFA) - grant - city of Lake Benton - design - engineer - construct - reconstruct - replacement - sanitary sewer - water - storm sewer - infrastructure - US Highway 75 corridor - reconstruction of US Highway 75 - bond sale - 863,000 - Commissioner of Management and Budget - Minnesota Statutes sections 16A631 to 16A675 - Minnesota Constitution Article XI sections 4 to 7

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 16, 2025SenateActionIntroduction and first reading
January 16, 2025SenateActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Appropriation of 863,000 from the bond proceeds fund to the Public Facilities Authority for Lake Benton infrastructure improvements; references Minnesota Statutes sections 16A631 to 16A675 for bond issuance authority.",
      "modified": []
    },
    "citation": "Minnesota Statutes sections 16A631 to 16A675",
    "subdivision": "Subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Bond sale authorization related to the appropriation; cites Minnesota Statutes sections 16A631 to 16A675 for bond issuance terms and procedures.",
      "modified": []
    },
    "citation": "Minnesota Statutes sections 16A631 to 16A675",
    "subdivision": "Subdivision 2"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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