Minnesota SF3947: City of Kennedy water storage tanks bond issue and appropriation

What the bill says

A bill for an act relating to capital investment; appropriating money for water storage tanks in the city of Kennedy; authorizing the sale and issuance of state bonds. new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Appropriation.] new text end new text begin [ADDED: $734,000 is appropriated from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Kennedy to predesign, design, engineer, and construct the replacement of water storage tanks in the city of Kennedy.] new text end new text begin [ADDED: Subd. 2.] new text end new text begi.

From the introduced text, February 25, 2026:

A bill for an act relating to capital investment; appropriating money for water storage tanks in the city of Kennedy; authorizing the sale and issuance of state bonds. new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Appropriation.] new text end new text begin [ADDED: $734,000 is appropriated from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Kennedy to predesign, design, engineer, and construct the replacement of water storage tanks in the city of Kennedy.] new text end new text begin [ADDED: Subd. 2.] new text end new text begin [ADDED: Bond sale.] new text end new text begin [ADDED: To provide the money appropriated in this section from the bond proceeds fund, the commissioner of management and budget shall sell and issue bonds of the state in an amount up to $734,000 in the manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7.] new text end new text begin [ADDED: EFFECTIVE DATE.] new text end new text begin [ADDED: This section is effective the day following final enactment.] new text end

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Sponsors

• Mark Johnson (R) · primary sponsor

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