SF346

Senate File No. 346 is a legislative bill proposing that the state of Minnesota allocates $4,000,000 for infrastructure upgrades in the city of Raymond. This funding would be used to design, construct, and equip the replacement of outdated and failing municipal infrastructure in Raymond. The improvements would focus on the city’s water distribution system, storm sewer system, and the reconstruction of city streets. To fund this project, the bill authorizes the state to sell and issue bonds up to the amount of $4,000,000. The process and terms for this bond sale are governed by specific sections of Minnesota statutes and the Minnesota Constitution.