SF3947 (Legislative Session 94 (2025-2026))
City of Kennedy water storage tanks bond issue and appropriation
Related bill: HF3582
AI Generated Summary
Purpose
This bill provides state funding to replace water storage tanks in the city of Kennedy. It does this by authorizing a grant from a state bond program and by allowing the state to issue bonds to pay for the project.
Main Provisions
Subdivision 1 – Appropriation:
- Allocates 734,000 dollars from the bond proceeds fund to the Public Facilities Authority.
- The funds are for a grant to the city of Kennedy to predesign, design, engineer, and construct the replacement of its water storage tanks.
Subdivision 2 – Bond Sale:
- Directs the Commissioner of Management and Budget to sell and issue bonds up to 734,000 dollars using the bond proceeds fund.
- Bonds must be issued under the applicable Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4–7).
What the bill seeks to accomplish
- Provides capital investment to upgrade or replace aging water storage infrastructure in Kennedy.
- Uses state bonding authority to finance the project, with the Public Facilities Authority administering the grant and project steps.
Significance and potential impact
- Enables a local water infrastructure project through state funding and debt issuance.
- Creates fiscal obligations in the form of approved bond debt to support the project.
- Involves state agencies (Public Facilities Authority and the Commissioner of Management and Budget) in funding and administration.
Implementation steps outlined
- The project scope includes predesign, design, engineering, and construction of the new water storage tanks.
Related legal references
- Minnesota Statutes 16A.631 to 16A.675 (bonding guidelines)
- Minnesota Constitution Article XI, sections 4 to 7 (bond issuance framework)
Relevant Terms - Kennedy - water storage tanks - Public Facilities Authority - grant - appropriation - bond proceeds fund - predesign - design - engineer - construct - replacement - bond sale / bonds - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4–7 - capital investment
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2026 | Senate | Action | Introduction and first reading | ||
| February 26, 2026 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill authorizes the sale of state bonds under Minnesota Statutes sections 16A.631 to 16A.675 to fund an appropriation for Kennedy water storage tanks (pre-design, design, engineering, and construction) through the Public Facilities Authority from the bond proceeds fund.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee