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SF3126 (Legislative Session 94 (2025-2026))

Tonka Bay public infrastructure improvement bond issue and appropriation

Related bill: HF2802

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to allocate funds for public infrastructure improvements in the city of Tonka Bay, Minnesota. It aims to finance necessary upgrades and replacements of outdated and failing infrastructure in specific neighborhoods.

Main Provisions

  • Appropriation of Funds: The bill appropriates $5,700,000 from the state's bond proceeds fund to the Public Facilities Authority. This grant will be directed specifically to the city of Tonka Bay for infrastructure projects.

  • Infrastructure Improvements: The funds will be used for designing, constructing, and equipping replacements for aging municipal infrastructure. This includes improvements and replacements in water distribution systems, storm sewers, sanitary sewers, and streets within the Lakeview and Wildhurst neighborhoods.

  • Bond Issuance: To provide the necessary funding, the bill authorizes the commissioner of management and budget to sell and issue state bonds. The bonds issued will total up to the amount of $5,700,000 and will adhere to the terms and regulations prescribed by Minnesota state laws and the Minnesota Constitution.

Significant Changes

This bill enables the issuance of state bonds to finance significant infrastructure projects, specifically targeting municipal systems that require urgent upgrades due to age and deterioration in certain neighborhoods of Tonka Bay.

Relevant Terms

Tonka Bay, public infrastructure, bond proceeds, water distribution, storm sewer, sanitary sewer, state bonds, Public Facilities Authority.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 31, 2025SenateFloorActionIntroduction and first reading
March 31, 2025SenateFloorActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization for the Public Facilities Authority to issue bonds for infrastructure improvements in Tonka Bay."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill involves the sale and issuance of bonds as prescribed in section 16A.631.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Outlines the terms and effects of bond issuance for Tonka Bay infrastructure projects."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill involves the sale and issuance of bonds as prescribed in section 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

Sponsors