HF3543

Purpose

• Authorizes a major capital investment in the city of Dennison by appropriating 7,000,000 dollars from the bond proceeds fund to the Public Facilities Authority. The funding is for a grant to Dennison to design, engineer, construct, and equip municipal infrastructure, specifically focused on water and sewer systems and street reconstruction.

Main Provisions

• The appropriation amount: 7,000,000 dollars from the bond proceeds fund.
• Recipient and purpose: The Public Facilities Authority will provide a grant to the city of Dennison to design, engineer, construct, and equip municipal infrastructure.
• Infrastructure improvements covered:
  • Drinking water system upgrades.
  • Sanitary sewer system upgrades.
  • Upgrades to the municipal well water tower and the well house.
  • Rehabilitation of sanitary sewer ponds.
  • Replacement of portions of the sanitary sewer collection system.
  • Drilling a new municipal well.
  • Addition of new water mains to properly loop the water system.
  • Reconstruction of city streets.
• Bond financing: The money for the project will come from the bond proceeds fund, and the state will issue bonds to raise up to 7,000,000 dollars in support of this appropriation.
• Legal authorization and procedures: Bond issuance must follow Minnesota statutes (sections 16A.631 to 16A.675) and conform to the Minnesota Constitution (Article XI, sections 4 to 7).

Significant Changes to Existing Law

• Creates a targeted capital investment for Dennison by approving a specific 7,000,000-dollar appropriation funded through state bond proceeds.
• Adds a requirement that the Commissioner of Management and Budget sell and issue bonds up to 7,000,000 dollars to finance the project, integrating this local project into the state bonding process and legal framework.

Relevant Terms - Dennison - water infrastructure - street reconstruction - Public Facilities Authority - grant - design - engineer - construct - equip - municipal infrastructure - drinking water - sanitary sewer - water tower - well house - sanitary sewer ponds - sanitary sewer collection system - water mains - loop the system - bond proceeds fund - bonds - bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI (sections 4 to 7)