Bill
HF 406
HF 406 authorizes state bonds and funding to build a Mound water treatment facility, financing construction, planning, and related costs.
Mound; water treatment facility funding provided, bonds issued, and money appropriated.
HF 406 authorizes funding for a water treatment facility in the City of Mound, Minnesota. The bill provides for the issuance of bonds to finance the project and directs appropriations to support planning, construction, and related costs. The overarching goal is to ensure reliable, safe drinking water and to support infrastructure improvements in Mound.
Authorization of bonds: The bill authorizes the issuance of state bonds to fund the water treatment facility project in Mound. Details typically include the total bond amount, the financing terms, and the intended bond sale timeline (these specifics would appear in the bill text and accompanying fiscal notes).
Appropriation of funds: HF 406 provides a monetary appropriation (from the state budget or a dedicated fund) to finance the construction and related costs of the water treatment facility. This may cover various components such as design, land acquisition, permitting, construction, equipment, and project administration.
Project scope for the Mound facility: The measure describes the scope of the water treatment facility project, including construction milestones, capacity or throughput targets, compliance with water quality standards, and any required supporting infrastructure (e.g., transmission mains, interconnections, or storage).
Administration and governance: Provisions may specify oversight, project management responsibilities, and reporting requirements to ensure proper use of funds, bond proceeds, and adherence to timelines.
Long-term financing considerations: The bill may address debt service expectations, duration of bond repayment, and potential impact on state credit or annual budget obligations.
City of Mound and residents: Direct beneficiaries through improved water treatment capacity, reliability, and water quality.
State government and agencies: Participation through bonding authorization, appropriations, and ongoing oversight.
Taxpayers and ratepayers: Potential impact in the form of debt service costs and any recommended user-rate adjustments to fund ongoing operation and maintenance of the facility, though specific rate implications would depend on financing terms and local cost-sharing arrangements.
Introduction and referral: HF 406 was introduced and referred to the Capital Investment committee on February 13, 2025, indicating a focus on capital construction and infrastructure.
Next steps: The bill would proceed through committee hearings, potential amendments, and floor votes. If enacted, bond proceeds would be disbursed per project milestones, with periodic reporting and audits as required for capital investments.
Compiled from official sources — confirm details with the bill’s official record.
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