HF4599

Purpose

• Provide funding to help St. Joseph expand its wastewater collection system and related infrastructure to support industrial lots and economic development.

Main Provisions

• Subdivision 1 – Appropriation

  • An amount of 2,250,000 dollars is appropriated from the bond proceeds fund.
  • The money goes to the Public Facilities Authority (PFA) as a grant to the city of St. Joseph.
  • The grant is for predesign, design, construction, and equipment of infrastructure improvements needed to expand the wastewater collection system and related infrastructure for industrial lots to promote economic development.

• Subdivision 2 – Bond Sale

  • The commissioner of management and budget must issue state bonds up to 2,250,000 dollars to fund this appropriation.
  • Bond issuance must follow the terms and effects of Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

What the Bill Seeks to Accomplish

• Finance infrastructure improvements in St. Joseph to support growth in industrial development by expanding the wastewater system.
• Use state bond proceeds to provide a grant through the Public Facilities Authority to the city for the project.

Significant Changes to Existing Law

• Creates a new appropriation of 2,250,000 dollars from the bond proceeds fund for St. Joseph infrastructure and sets up a bond issuance to fund the appropriation.
• Uses established bond-issuing processes under Minnesota Statutes and the state constitution; no broad changes to policy beyond funding this specific project.

Implementation and Oversight

• The Public Facilities Authority administers the grant to St. Joseph.
• The bond sale must be conducted in accordance with applicable state statutes and constitutional provisions.

Potential Outcomes

• Expanded wastewater infrastructure in St. Joseph.
• Increased capacity for industrial development and related economic activity.
• Potential job creation and broader economic benefits tied to improved infrastructure.

Relevant Terms - Public Facilities Authority - bond proceeds fund - grant - city of St. Joseph - wastewater collection system - infrastructure improvements - industrial lots - economic development - predesign - design - construct - equip - bond sale - state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI