HF4791

Purpose

• The bill provides funding and bonding authorization to support improvements to Silver Creek’s sanitary sewer infrastructure and to reconstruct local streets. It does this by making a grant to the town through the Public Facilities Authority (PFA) funded by state bond proceeds.

Main Provisions

• Subdivision 1 – Appropriation: The bill appropriates 6,000,000 from the bond proceeds fund to the Public Facilities Authority. The funds are for a grant to the town of Silver Creek to design, engineer, and construct improvements to the sanitary sewer system, and the appropriation also includes money for street reconstruction in the town.
• Subdivision 2 – Bond Sale: To raise the money, the commissioner of management and budget must sell and issue state bonds up to 6,000,000. The bond process follows the terms of Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI sections 4 to 7.

Significant Changes to Existing Law

• Establishes a new capital investment appropriation and bonding authority specifically for Silver Creek’s sanitary sewer improvements and street reconstruction.
• Uses the Public Facilities Authority as the grant recipient, signaling a targeted local infrastructure funding approach.
• Mandates bond issuance up to 6,000,000 under existing statutory and constitutional requirements, which affects state debt and budgeting related to local infrastructure projects.

Context and Key Terms

• Appropriation, bond proceeds fund, grant, Public Facilities Authority (PFA), sanitary sewer system, design, engineer, construct, street reconstruction, Town of Silver Creek, bond sale, Minnesota Statutes sections 16A.631 to 16A.675, Minnesota Constitution article XI sections 4 to 7.

Relevant Terms - bond proceeds fund - Public Facilities Authority - grant - sanitary sewer system - design - engineer - construct - street reconstruction - Town of Silver Creek - bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI 4-7