Purpose of the Bill

The purpose of this bill is to allocate funds for infrastructure improvements in the township of Thomson, Minnesota. These improvements focus on essential municipal systems, aiming to update and replace outdated and failing infrastructure.

Main Provisions

• Appropriation of Funds: The bill allocates $3,500,000 from the bond proceeds fund to the Public Facilities Authority. This funding is intended as a grant for Thomson township to aid in designing, constructing, and equipping needed infrastructure improvements.
• Infrastructure Projects: The projects outlined in the bill will include enhancements and replacements for water distribution systems, sanitary sewer systems, and street reconstruction.

Significant Changes to Existing Law

This bill permits the sale and issuance of state bonds to finance the projects, adhering to specific Minnesota statutes and constitutional guidelines. It authorizes the Commissioner of Management and Budget to sell and issue bonds up to the allocated amount, under the established terms.

Relevant Terms

• Capital investment
• Water infrastructure
• Sewer infrastructure
• Street reconstruction
• State bonds
• Public Facilities Authority