HF3417

Purpose

This bill would fund clean water infrastructure in the city of Lonsdale by enabling a state-supported project to improve the local water system. It aims to provide money through bonds to support a new water tower and an updated water main loop, improving water reliability and service for residents.

Main Provisions

• Appropriation for Lonsdale water project:
  • Allocates 4,851,000 from the bond proceeds fund to the Public Facilities Authority (PFA).
  • The PFA would provide a grant to the city of Lonsdale to design, construct, furnish, and equip a new water tower and a water main looping system.
• Bond financing:
  • Requires the Commissioner of Management and Budget to sell and issue state bonds up to 4,851,000 to fund the appropriation.
  • Bonds would be issued under the state’s debt management laws (Minnesota Statutes sections 16A.631 to 16A.675) and in accordance with the Minnesota Constitution, Article XI, sections 4 to 7.

Significance and Changes to Existing Law

• Establishes a specific capital investment project for clean water infrastructure in Lonsdale.
• Adds a new funding mechanism (state bond issuance) and a grant pathway through the Public Facilities Authority to support local water system improvements.
• Explicitly ties the project to the bond proceeds fund and the framework of Minnesota’s debt statutes and constitutional debt limits.

Terminology and Key Elements

• Capital investment
• Clean water infrastructure
• Lonsdale
• Water tower
• Water main looping
• Grant
• Public Facilities Authority (PFA)
• Bond proceeds fund
• Bond sale / issue of bonds
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI (sections 4 to 7)

Relevant Terms - capital investment - bond proceeds fund - Public Facilities Authority - grant - city of Lonsdale - water tower - water main looping - design - construct - furnish - equip - bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI