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HF 4766

Spring Park; water tower rehabilitation funding provided, bonds issued, and money appropriated.

2025-2026 Regular Session Introduced by Andrew Myers

Authorizes up to $1,000,000 in state bonds to fund Spring Park’s water tower rehabilitation via a grant and bond proceeds.

Introduction and first reading, referred to Capital Investment
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Bill Summary · HF 4766

Summary of HF 4766 (Spring Park; water tower rehabilitation funding provided, bonds issued, and money appropriated)

Jurisdiction: Minnesota
Session: 2025-2026
Bill: HF4766
Authors: Primary (unspecified), Co-sponsor: Andrew Myers
Status: Introduced March 26, 2026; referred to Capital Investment

Purpose and Intent

  • To authorize state funding for the rehabilitation of the water tower in the city of Spring Park.
  • To authorize the sale and issuance of up to $1,000,000 in state bonds to finance the appropriation.
  • To appropriate bond proceeds to support a municipal infrastructure rehabilitation project.

Key Provisions

  1. Appropriation
  2. Section: Appropriation
  3. Amount: $1,000,000
  4. Source: Bond proceeds fund
  5. Recipient: City of Spring Park

  6. Purpose: For the construction/rehabilitation of the city’s water tower.

  7. Bond Sale

  8. Section: Bond sale

  9. Authorization: The Commissioner of Management and Budget shall sell and issue state bonds in an amount up to $1,000,000.

  10. Compliance: Bonds issued in the manner, terms, and effects prescribed by:

    • Minnesota Statutes, sections 16A.631 to 16A.675
    • Minnesota Constitution, Article XI, sections 4 to 7

  11. Purpose: To fund the appropriation for Spring Park’s water tower rehabilitation.

  12. Effective Date

  13. This section becomes effective the day after final enactment.

Affected Parties and Impacts

  • City of Spring Park: Receives a $1,000,000 grant funded by state bond proceeds to rehabilitate its water tower.
  • State of Minnesota: Incurs debt through issuance of up to $1,000,000 in bonds; proceeds allocated via the Public Facilities Authority (PFA) for the grant.
  • Public Facilities Authority: Recipient and administrator of the grant funds for the project, coordinating disbursement to Spring Park.

Procedural and Timeline Considerations

  • Introduction/Referral: Referred to the Capital Investment committee (March 26, 2026).
  • Bond Issuance: Authorizes the Department of Management and Budget (state) to issue bonds up to $1,000,000 under existing statute provisions and constitutional authority.
  • Effective Date: The act becomes effective the day following final enactment, assuming passage.

Remarks

  • The bill is narrowly focused on financing a single municipal infrastructure improvement (Spring Park water tower rehabilitation) through state bonding and a grant from the bond proceeds fund.
  • No other appropriations or policy changes are included beyond the bond authorization and grant for this project.

Compiled from official sources — confirm details with the bill’s official record.

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