SF1377

SF1377 (Legislative Session 94 (2025-2026))

Kennedy underground water storage tanks bond issue and appropriation

Related bill: HF603

AI Generated Summary

The legislative bill S.F. No. 1377 proposes the allocation of $734,000 in state funds for the predesign, design, engineering, and construction of new underground water storage tanks in the city of Kennedy, Minnesota. To finance this project, the state will sell bonds which are essentially loans that the government takes on and promises to repay with interest. These bonds will be managed according to specific state laws and constitutional guidelines. This bill has been introduced to the Minnesota legislature and referred to the Capital Investment committee for consideration.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 12, 2025	Senate	Floor	Action	Introduction and first reading
February 12, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section relates to the procedures and requirements for the sale and issuance of state bonds.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "These constitutional sections outline the condition and limitations for contracting debt and issuing bonds.",
      "modified": []
    },
    "citation": "Minnesota Constitution article XI sections 4 to 7"
  }
]