1.1 A bill for an act
1.2 relating to capital investment; appropriating money for water and sewer
1.3 infrastructure improvements in the city of Loretto; authorizing the sale and issuance
1.4 of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. LORETTO; WATER AND SEWER INFRASTRUCTURE
1.7IMPROVEMENTS.
1.8 Subdivision 1.Appropriation.$2,700,000 is appropriated from the bond proceeds fund
1.9to the Public Facilities Authority for a grant to the city of Loretto to design, engineer, and
1.10construct the replacement of water mains, water valves, sanitary sewer system, and
1.11stormwater system infrastructure in the city of Loretto, including associated street
1.12reconstruction.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.15the state in an amount up to $2,700,000 in the manner, upon the terms, and with the effect
1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.17Constitution, article XI, sections 4 to 7.
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/KR 25-0508103/19/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2787
NINETY-FOURTH SESSION
Authored by Robbins03/26/2025
The bill was read for the first time and referred to the Committee on Capital Investment