HF2267

Purpose of the Bill

The bill is designed to allocate funding for specific road improvements in the city of Hawley, Minnesota. It aims to enhance infrastructure by reconstructing and equipping roads and improving stormwater drainage.

Main Provisions

• Appropriation of Funds: The bill allocates $2,000,000 from the bond proceeds fund. These funds are designated for the commissioner of transportation. The grant will allow the city of Hawley to engineer, construct, reconstruct, and equip 8th Street South, Sunset Boulevard, and Joseph Street. Additionally, it includes improvements to stormwater drainage in these areas.

• Bond Sale Authorization: The bill authorizes the state to sell and issue bonds up to $2,000,000 to fund these local road improvements. The sale and issuance are to comply with specified Minnesota statutes and constitutional articles regarding state bonds.

Significant Changes

This bill introduces a financial mechanism through the issuance of state bonds specifically earmarked for infrastructural development in the city of Hawley. It delineates the terms and amounts in which these bonds will be issued, offering a structured approach to funding local road and drainage enhancements.

Relevant Terms

• Capital Investment
• Local Road Improvements
• State Bonds
• Bond Proceeds Fund
• Infrastructure Rehabilitation
• Stormwater Drainage Improvements
• Minnesota Statutes and Constitution