HF4012

Purpose

This bill provides capital investment funding to support water infrastructure improvements in the city of Silver Bay. It appropriates money from the state bond proceeds fund to help the city address problems with water pressure and related infrastructure that threaten safe and reliable water service.

Main Provisions

• Subdivision 1 – Appropriation

  • Amount: 1,070,000 is appropriated from the bond proceeds fund.
  • Recipient and use: The Public Facilities Authority will grant this money to the city of Silver Bay to predesign, design, construct, and equip the rehabilitation and replacement of pressure reducing valve stations and related water distribution system infrastructure.
  • Objective: To address water pressure safety and infrastructure issues that jeopardize ongoing operations.

• Subdivision 2 – Bond Sale

  • Financing method: The money appropriated will be provided through the sale and issuance of state bonds.
  • Amount and authority: Bonds may be issued up to 1,070,000.
  • Compliance: Bond sales must follow Minnesota statutes (16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Significance and Changes to Law

• This bill creates a specific appropriation and authorizes a bond sale to fund a targeted water infrastructure project in Silver Bay.
• It does not modify existing statutory or constitutional language beyond authorizing this particular grant and bond issuance for the project; it relies on existing bond financing processes and oversight.

Beneficiaries and Oversight

• Beneficiary: City of Silver Bay (via a grant from the Public Facilities Authority).
• Oversight/administration: Public Facilities Authority administers the grant; the state’s bond issuance is overseen under existing statutes and the Department of Management and Budget for the bond sale.

Process and Timing

• The bill specifies the funding mechanism and use but does not provide a specific project timetable in the excerpt; implementation would follow standard state procedures for grant administration and bond issuance.

Relevant Terms bond proceeds fund, Public Facilities Authority, grant, City of Silver Bay, pressure reducing valve stations, water distribution system, water pressure safety, infrastructure issues, ongoing operations, predesign, design, construct, equip, appropriation, bond sale, Commissioner of Management and Budget, Minnesota Statutes 16A.631 to 16A.675, Minnesota Constitution Article XI sections 4 to 7