SF1620

SF1620 (Legislative Session 94 (2025-2026))

City of Sturgeon Lake city hall and fire station bond issuance and appropriation

Related bill: HF835

AI Generated Summary

This bill, S.F. No. 1620, proposes a capital investment appropriation for the city of Sturgeon Lake, Minnesota. It allocates $3,500,000 from the bond proceeds fund to the commissioner of employment and economic development, which will be used to purchase land, design, construct, furnish, and equip a new municipal building housing both a city hall and a fire station.

The bill also authorizes the sale and issuance of state bonds to provide the necessary funding. Specifically, the commissioner of management and budget is directed to sell and issue bonds up to $3,500,000 under existing Minnesota statutes and constitutional provisions. No nonstate match is required for this appropriation.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 19, 2025	Senate	Floor	Action	Introduction and first reading
February 19, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "Facilitates additional fundraising mechanisms through bond sales."
      ],
      "removed": [
        "None"
      ],
      "summary": "This bill references the sale and issuance of state bonds under section 16A.631 to 16A.675.",
      "modified": [
        "Clarifies the terms of bond sales pertaining to capital investments."
      ]
    },
    "citation": "16A.631"
  },
  {
    "analysis": {
      "added": [
        "Updates language on bond management practices."
      ],
      "removed": [
        "None"
      ],
      "summary": "This bill references the sale and issuance of state bonds under section 16A.631 to 16A.675.",
      "modified": [
        "Specifies conditions under which bonds can be issued, aligning with new capital investment strategy."
      ]
    },
    "citation": "16A.675"
  }
]