HF3599

Purpose

This bill would authorize a capital investment by allocating $1,000,000 from the bond proceeds fund to the Public Facilities Authority. The funds would be granted to the city of Becker to buy land and to begin planning a new municipal water treatment facility (predesign), and also to support the construction of well pump facilities and related infrastructure.

Main Provisions

• Subd. 1 Appropriation: $1,000,000 from the bond proceeds fund is appropriated to the Public Facilities Authority as a grant to the city of Becker for land acquisition and predesign of a new municipal water treatment facility. The appropriation also covers construction of well pump facilities and related infrastructure.
• Subd. 2 Bond sale: The commissioner of management and budget shall issue and sell state bonds up to $1,000,000 to fund the appropriation, under the terms and effects of Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7.

Financing and Bonds

• Financing source: bond proceeds fund.
• Use of proceeds: grant to Becker for land acquisition, predesign, and related water infrastructure projects; plus construction of well pump facilities.
• Bond mechanism: issuance of state bonds up to $1,000,000 to fund the appropriation, following existing bonding laws and constitutional provisions.

Affected Entities

• City of Becker: recipient of the grant for land acquisition, predesign, and infrastructure work.
• Public Facilities Authority: administrator of the grant and project activities.
• State of Minnesota: issuer of bonds to finance the appropriation.

Potential Impacts

• Infrastructure improvement: supports planning and construction related to Becker’s water treatment capacity and reliability.
• Land use and facilities: enables land acquisition and site work for a new water treatment facility, plus related pumping infrastructure.

Significant Changes to Existing Law

• Creates a new capital investment appropriation funded by the bond proceeds fund.
• Enables the issuance of up to $1,000,000 in state bonds to finance the Becker water facility project, subject to existing bonding statutes and constitutional provisions.

Relevant Terms bond proceeds fund Public Facilities Authority grant city of Becker land acquisition predesign municipal water treatment facility construction of well pump facilities infrastructure bond sale up to $1,000,000 Minnesota Statutes sections 16A.631 to 16A.675 Minnesota Constitution article XI sections 4 to 7 capital investment appropriation