SF5058

Purpose

Provide funding to improve the City of Comfrey’s stormwater system to reduce flooding.

Main Provisions

• Subdivision 1 – Appropriation: An amount of 9,344,000 is appropriated from the bond proceeds fund to the Public Facilities Authority. The money is granted to the City of Comfrey to predesign, design, engineer, and construct improvements to the city’s entire municipal stormwater system, addressing ongoing flooding with upgrades such as new and replacement pipes and other related infrastructure improvements.
• Subdivision 2 – Bond Sale: The Commissioner of Management and Budget must issue bonds totaling up to 9,344,000 to fund the appropriation, following Minnesota law (statutes 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Financing and How It Works

• Funding source: bond proceeds fund.
• Financial action: sale and issuance of state bonds up to the specified amount.
• Oversight/regulatory framework: uses the same procedures as Minnesota statutes on bonding and constitutional provisions.

Relationship to Existing Law

• Creates a new capital investment appropriation linked to stormwater improvements and authorizes bond issuance under established bond statutes and constitutional authority.

Expected Impact

• Addresses flooding issues in Comfrey by upgrading the entire municipal stormwater system, including infrastructure like pipes and related components.
• Supports local infrastructure planning and construction through a state grant administered via the Public Facilities Authority.

Administrative Details

• Grant administered by: Public Facilities Authority.
• Recipient: City of Comfrey.
• Project scope: predesign, design, engineering, and construction of stormwater system improvements citywide.

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Relevant Terms - Comfrey, stormwater system improvements, flood mitigation, grant, Public Facilities Authority, predesign, design, engineer, construct, municipal stormwater system, bond proceeds fund, bond sale, state bonds, management and budget, Minnesota Statutes 16A.631-16A.675, Minnesota Constitution Article XI (sections 4-7).