SF340 (Legislative Session 94 (2025-2026))
Butterfield public infrastructure bond issue and appropriation
Related bill: HF885
AI Generated Summary
Purpose
This bill provides funding to improve Butterfield’s local infrastructure. It appropriates money and authorizes the sale of state bonds to support a grant to the city for upgrading its wastewater treatment facility and for reconstructing aging and failing streets.
Main Provisions
- Appropriation: An amount of $16,000,000 is appropriated from the bond proceeds fund to the Public Facilities Authority (PFA). The PFA will use this money as a grant to the city of Butterfield.
- Use of Funds: The grant is for the design, construction, and outfitting (equip) of rehabilitation work on Butterfield’s wastewater treatment facility and for reconstruction of aging and failing streets.
- Bonding Authority: To provide the money, the state will issue bonds totaling up to $16,000,000. The bond sale will follow the procedures and requirements of Minnesota law and the state constitution.
Funding Source and Financing Details
- Funding Source: Bond proceeds fund.
- Bonding Process: The commissioner of management and budget is responsible for selling and issuing the bonds up to the stated amount, under the relevant Minnesota statutes and constitutional provisions.
Changes to Existing Law
- Creates a new appropriation and bonding authorization specifically for Butterfield’s wastewater facility rehabilitation and street reconstruction, administered through the Public Facilities Authority.
- Establishes a clear mechanism for financing the project via state bonds and ties the funding to established bond statutes and constitutional authority.
Practical Impact
- Butterfield receives a grant managed by the Public Facilities Authority to design, build, and equip improvements to its wastewater treatment facility and to repair or replace streets that are aging or failing.
- The state commits to issuing up to $16 million in bonds to fund this local infrastructure project.
Relevant Terms - Butterfield - Public Facilities Authority - wastewater treatment facility - streets / aging and failing streets - rehabilitation - design - construct - equip - grant - bond proceeds fund - bonds - bond sale - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI (sections 4 to 7) - capital investment - grant to city - infrastructure improvements
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 21, 2025 | Senate | Action | Introduction and first reading | ||
| January 21, 2025 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill states that the bond sale to finance the Butterfield infrastructure appropriation shall be conducted in the manner prescribed by Minnesota Statutes sections 16A631 to 16A675 (and by the Minnesota Constitution article XI sections 4 to 7).",
"modified": []
},
"citation": "Minnesota Statutes sections 16A631 to 16A675",
"subdivision": ""
}
]Progress through the legislative process
In Committee