HF651 (Legislative Session 94 (2025-2026))
Cottonwood; public infrastructure replacement funding provided, bonds issued, and money appropriated.
Related bill: SF145
AI Generated Summary
This bill proposes that the state of Minnesota allocates $8,000,000 for the first phase of updating and replacing old public infrastructure in Cottonwood, Minnesota. This money will go towards projects like improving the city's sewer system and drinking water system, as well as reconstructing streets, and updating sidewalks, curbs, and gutters. The funds will also help connect Cottonwood to the Lincoln Pipestone Rural Water system to ensure the city has better water quality. To get the necessary funds, the state plans to issue bonds, which is a way of borrowing money that will be paid back over time. The bill is currently being reviewed by a committee that specializes in investments for public facilities.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | House | Floor | Action | Introduction and first reading, referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Potential updates related to bond sale procedures for new infrastructure projects."
],
"removed": [
"Previous guidelines on interest rates might be amended."
],
"summary": "This reference addresses the procedures and guidelines for the sale and issuance of state bonds.",
"modified": [
"Inclusion of environmental compliance in bond issuance processes."
]
},
"citation": "16A.631 to 16A.675"
},
{
"analysis": {
"added": [
"Clarification on the state's limitations on bond amounts."
],
"removed": [
"Old clause limiting bond issuance for specific project types."
],
"summary": "These sections pertain to the state's ability to incur public debt and issue bonds.",
"modified": [
"Adaptation of debt servicing protocols to current financial norms."
]
},
"citation": "Minnesota Constitution article XI sections 4 to 7"
}
]