Purpose

This bill authorizes state financial support to help Monticello build a new water treatment facility and related water system infrastructure. It creates a grant from the Public Facilities Authority to the city of Monticello for design, engineering, construction, furnishing, and equipping the facility and the associated water utility infrastructure. It adds to a prior appropriation and uses state bonds to fund the project.

Main Provisions

• Subdivision 1 – Appropriation: An amount of 10,000,000 dollars is appropriated from the bond proceeds fund to the Public Facilities Authority as a grant to the city of Monticello for designing, engineering, constructing, furnishing, and equipping a water treatment facility and its accompanying water utility infrastructure. This is in addition to a prior appropriation for the same purpose from Laws 2023, chapter 72, article 1, section 23, subdivision 18.
• Subdivision 2 – Bond sale: The money appropriated will be provided by selling and issuing up to 10,000,000 dollars in state bonds, according to the terms of Minnesota law (statutes 16A.631 to 16A.675) and the state constitution (article XI, sections 4 to 7).

Funding and Financing

• The funds come from the bond proceeds fund.
• The state will issue and sell bonds up to 10,000,000 dollars.
• The bond sale will follow the applicable Minnesota statutes and constitutional provisions.
• The Public Facilities Authority administers the grant to the City of Monticello for the project.

Relationship to Existing Law

• This appropriation is in addition to an earlier appropriation for the same purpose found in Laws 2023, chapter 72, article 1, section 23, subdivision 18.

Implementation and Oversight

• Implemented through the Public Facilities Authority providing a grant to Monticello.
• The project scope includes design, engineering, construction, furnishing, and equipping of a water treatment facility and related water utility infrastructure.
• Bond financing and issuance are overseen by the Commissioner of Management and Budget, following state statutes and the Minnesota Constitution.

Potential Impacts

• Enhances Monticello’s water treatment capacity and infrastructure.
• Uses bond financing to fund a critical public utility project, spreading costs through state bonds.

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Relevant Terms - bond proceeds fund - Public Facilities Authority - Monticello - water treatment facility - design - engineer - construct - furnish - equip - water utility infrastructure - grant - City of Monticello - bond sale / bonds - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI, sections 4–7 - Laws 2023 chapter 72 article 1 section 23 subdivision 18