Purpose

This act aims to fund public infrastructure in the city of Butterfield by providing a grant funded through state bonds. The goal is to support local improvements that include upgrading essential utilities and improving transportation infrastructure.

Main Provisions

• The bill allocates an appropriation of 16,000,000 dollars from the bond proceeds fund to the Public Facilities Authority.
• The funds are designated as a grant to the city of Butterfield to design, construct, and equip rehabilitation of the city’s wastewater treatment facility.
• The funds are also intended for the reconstruction of aging and failing streets in Butterfield.
• The appropriation is to be administered as part of state capital investment efforts.

Funding Details

• The money is provided from the bond proceeds fund, meaning it will be financed through state bond issuance.
• The authorization specifies that the commissioner of management and budget shall sell and issue bonds in an amount up to 16,000,000 dollars.
• The terms and effects of the bond sale are to follow Minnesota statute sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Bond Issuance and Legal Authority

• The bill directs the sale of bonds to finance the appropriation.
• It relies on existing state laws and constitutional provisions to govern how the bonds are issued and repaid.

Impact and Compliance

• This act creates a targeted funding opportunity for Butterfield, concentrating resources on wastewater treatment facility improvements and street rehabilitation.
• It designates a specific governmental body (Public Facilities Authority) to administer the grant.
• It aligns with established capital investment procedures and legal authorities for bond-backed projects.

Significance and Context

• This is a targeted infrastructure investment for a specific Minnesota city, funded through state bond proceeds and overseen by established financial and legal frameworks.
• It reflects ongoing use of bond financing to support local public works projects.

Relevant Terms butterfield, wastewater treatment facility, streets, Public Facilities Authority, bond proceeds fund, appropriation, grant, design, construct, equip, rehabilitation, aging and failing streets, bond sale, Commissioner of Management and Budget, Minnesota Statutes 16A.631 to 16A.675, Minnesota Constitution Article XI.