SF3268 (Legislative Session 94 (2025-2026))
Taylors Falls sewer improvements bond issue and appropriation
Related bill: HF3103
AI Generated Summary
Purpose of the Bill
The purpose of this bill is to improve infrastructure in the city of Taylors Falls, Minnesota, by providing funds for sanitary sewer system enhancements. The bill seeks to support local infrastructure development through state financial assistance.
Main Provisions
- The bill appropriates $1,500,000 from the bond proceeds fund to the Public Facilities Authority.
- This funding is designated as a grant to the city of Taylors Falls.
- The grant will be used for the design, construction, and equipping of improvements to the city’s sanitary sewer system.
Funding Mechanism
- To provide the appropriated funds, the bill authorizes the sale and issuance of state bonds.
- The commissioner of management and budget is responsible for selling and issuing bonds up to the amount of $1,500,000.
- The sale and issuance of these bonds must comply with Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI, sections 4 to 7.
Relevant Terms
- Capital Investment
- Sewer Improvements
- State Bonds
- Public Facilities Authority
- Infrastructure
- Bond Proceeds Fund
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| April 02, 2025 | Senate | Floor | Action | Introduction and first reading | |
| April 02, 2025 | Senate | Floor | Action | Introduction and first reading | |
| April 02, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Authorizes the sale and issuance of state bonds for the sewer improvements."
],
"removed": [
""
],
"summary": "This bill authorizes bond sales under Minnesota Statutes sections 16A.631 to 16A.675.",
"modified": [
""
]
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]