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HF2787 (Legislative Session 94 (2025-2026))

Loretto; water and sewer infrastructure improvements funding provided, bonds issued, and money appropriated.

AI Generated Summary

Purpose of the Bill

The bill aims to improve water and sewer infrastructure in the city of Loretto, Minnesota. It provides funding through state bond sales to support this initiative.

Main Provisions

  • Appropriation of Funds: The bill allocates $2,700,000 from the bond proceeds fund to the Public Facilities Authority. This grant will be used by the city of Loretto for the design, engineering, and construction of upgrades to their water mains, water valves, sanitary sewer system, and stormwater infrastructure. The project also includes related street reconstruction.

  • Bond Issuance: To finance these improvements, the bill authorizes the sale and issuance of state bonds totaling up to $2,700,000. The terms of the bond issuance will follow existing Minnesota statutes and constitutional provisions.

Significant Changes

This bill initiates a specific infrastructure project by providing state financial assistance through bonds, which is an addition to existing commitments of the state to support local infrastructure developments.

Relevant Terms

  • Capital investment
  • Water infrastructure
  • Sewer system improvements
  • State bonds
  • City of Loretto
  • Public Facilities Authority

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 25, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Explicit authorization for bond-financed projects in Loretto."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill authorizes the sale and issuance of state bonds under existing statutes.",
      "modified": [
        "Clarified bond terms and conditions applicable to this project."
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Specific allocation for Loretto project added to bond authorization procedures."
      ],
      "removed": [
        ""
      ],
      "summary": "This section addresses the terms of bond sale and its administration.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

Sponsors