SF 3557

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/18/2026 10:05 a.m.

A bill for an act
relating to capital investment; appropriating money for local road improvements
in the city of Watertown; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin WATERTOWN; LOCAL ROAD IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $750,000 is appropriated from the bond proceeds account
in the state transportation fund as provided in Minnesota Statutes, section 174.50, to the
commissioner of transportation for a grant to the city of Watertown to predesign, design,
and construct local road improvements, including ADA accessibility and other related public
infrastructure improvements, to the Fremont Street and Lewis Avenue corridors.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds account in the state transportation fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $750,000 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 EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end