HF2530

Purpose of the Bill

The bill aims to provide financial support for necessary infrastructure improvements in the city of Long Lake, Minnesota. This involves upgrading the city's street and utility systems to address aging infrastructure.

Main Provisions

• Appropriation of Funds: The bill allocates $11,700,000 from the bond proceeds fund. This money is designated for a grant to the city of Long Lake.
• Infrastructure Improvements: The grant will be used to predesign, design, construct, reconstruct, and equip the repair and replacement of deteriorating sanitary sewer, water main, and storm sewer infrastructure. This also includes the associated reconstruction of streets along and near Grand Avenue in Long Lake.
• Bond Sales: To fund these improvements, the Commissioner of Management and Budget is authorized to sell and issue state bonds totalling up to $11,700,000.

Significant Changes to Existing Law

The bill authorizes the sale and issuance of additional state bonds specifically earmarked for infrastructure improvements in Long Lake. This involves the allocation of state funds through a bond sale process, adhering to existing Minnesota statutes and constitutional provisions related to capital investment.

Relevant Terms

• Capital investment
• Infrastructure improvements
• Sanitary sewer
• Water main
• Storm sewer
• State bonds
• Bond proceeds fund
• Grand Avenue in Long Lake