SF4763
City of Credit River municipal sanitary sewer and water infrastructure bond issue and appropriation
Legislative Session 94 (2025-2026)
Related bill: HF4606
AI Generated Summary
Purpose
Provide capital investment funding for a municipal sewer and water project in the City of Credit River. The bill authorizes a grant to fund the design, construction, and equipment of municipal sanitary sewer and municipal water infrastructure serving the County Court neighborhood, and it directs the sale of state bonds to pay for this investment.
Main Provisions
- Appropriation: $12,800,000 is appropriated from the bond proceeds fund to the Public Facilities Authority (PFA) to give a grant to the City of Credit River. The grant is for designing, constructing, and equipping municipal sanitary sewer and municipal water infrastructure serving the County Court neighborhood.
- Bond sale: To provide the money, the Commissioner of Management and Budget must sell and issue state bonds up to $12,800,000. The bonds are issued under the terms and effects set forth in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.
Significant Changes to Existing Law
- Establishes a new appropriation of $12.8 million from the bond proceeds fund for a specific Credit River infrastructure project.
- Authorizes the sale and issuance of up to $12.8 million in state bonds to finance the project, using the standard bonding process and constitutional provisions.
- Directs the Public Facilities Authority to administer the grant for the project, with project scope limited to design, construction, and equipment of the sewer and water infrastructure for the designated neighborhood.
Practical Effect
- The state will borrow money (up to $12.8 million) to fund an infrastructure project in Credit River, with the funds distributed as a grant to support the sewer and water system improvements for the County Court neighborhood.
Relevant Terms Credit River municipal sanitary sewer municipal water infrastructure County Court neighborhood grant Public Facilities Authority bond proceeds fund bonds Commissioner of Management and Budget Minnesota Statutes 16A.631 to 16A.675 Minnesota Constitution Article XI, sections 4–7 design, construct, and equip
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 25, 2026 | Senate | Action | Introduction and first reading | ||
| March 25, 2026 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "References Minnesota Statutes sections 16A.631 to 16A.675 for bond sale terms in financing municipal sanitary sewer and water infrastructure.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee