Purpose

This bill is about funding a local water infrastructure project. It would provide money from the state bond program to help the city of Easton build a new water tower, improving the area's water system.

Main provisions

• Appropriation: The bill would appropriate 1,500,000 from the bond proceeds fund to the Public Facilities Authority. The money would be given as a grant to the city of Easton to design and construct a new water tower.
• Bond sale: The bill would authorize the commissioner of management and budget to sell and issue state bonds totaling up to 1,500,000 to cover the appropriation. The bond issuance would follow the state laws and constitutional provisions that govern bond debt and sale (Minnesota Statutes sections 16A.631 to 16A.675 and Constitution article XI sections 4 to 7).

What the bill seeks to accomplish

• Provide funding for a critical local infrastructure project (a new water tower) to improve water service in Easton.
• Utilize the state’s bonding authority to raise the necessary funds and set up a grant mechanism for the project.

How this changes current law or practice

• Adds a new capital investment appropriation specifically for Easton’s water tower project.
• Establishes authorization to issue up to 1.5 million in state bonds to fund the appropriation, tying the project to existing bond sale procedures and legal requirements.

Significant terms and concepts in the bill

• bond proceeds fund
• appropriation
• Public Facilities Authority
• grant to the city of Easton
• design and construct a new water tower
• bond sale / sell and issue bonds
• commissioner of management and budget
• Minnesota Statutes sections 16A.631 to 16A.675
• Constitution article XI sections 4 to 7

Relevant Terms - bond proceeds fund - appropriation - Public Facilities Authority - grant - city of Easton - water tower - design and construction - bond sale / bonds - commissioner of management and budget - Minnesota Statutes 16A.631-16A.675 - Constitution article XI sections 4-7