SF405

SF405 (Legislative Session 94 (2025-2026))

Fairmont street reconstruction bond issue and appropriation

Related bill: HF1714

AI Generated Summary

Senate File No. 405 is a legislative proposal aimed at funding street reconstruction in Fairmont, Minnesota. It seeks to allocate $10,538,000 from state bonds for the project. This project involves reconstructing Kot Street, extending Fairlakes Avenue, purchasing necessary right-of-way, and updating public utilities and other street infrastructure. To gather these funds, the bill authorizes the sale and issuance of state bonds. The sale of these bonds must comply with specific legal guidelines established by both Minnesota law and the Minnesota Constitution.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 20, 2025	Senate	Floor	Action	Introduction and first reading
January 20, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "An exemption for the appropriation made to the city of Fairmont for street reconstruction."
      ],
      "removed": [],
      "summary": "The bill exempts a specific appropriation from an existing requirement under Minnesota Statutes section 16A.86, subdivision 4.",
      "modified": [
        "Clarifies that the appropriation does not need to comply with certain requirements that generally apply."
      ]
    },
    "citation": "16A.86"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill makes reference to existing procedures for bond sale under Minnesota Statutes sections 16A.631 to 16A.675.",
      "modified": [
        "Provides guidance on how the bond sale should be carried out in accordance with existing law."
      ]
    },
    "citation": "16A.631"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill makes reference to existing procedures for bond issuance under Minnesota Statutes sections 16A.631 to 16A.675.",
      "modified": [
        "Outlines the manner and terms of the bond issuance as prescribed by existing statutes."
      ]
    },
    "citation": "16A.675"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill aligns bond issuance with provisions in the Minnesota Constitution article XI, sections 4 to 7.",
      "modified": [
        "Ensures compliance with constitutional requirements for issuing state bonds."
      ]
    },
    "citation": "Minnesota Constitution article XI, sections 4 to 7"
  }
]