HF2655

Purpose of the Bill

The purpose of this bill is to secure funding for the improvement and reconstruction of public infrastructure in the city of Minnetonka Beach, Minnesota. This involves the city's water, sewer, and stormwater systems, as well as the reconstruction of city streets.

Main Provisions

• Appropriation of Funds: The bill appropriates $5,167,000 from the bond proceeds fund to the Public Facilities Authority. This funding is earmarked as a grant to Minnetonka Beach.
• Infrastructure Improvements: The funds are specifically allocated for the design, engineering, construction, and equipping needed for replacing old and failing municipal infrastructure in the city.
• Areas of Focus: The bill targets three main areas:
  1. Water distribution system improvements.
  2. Sanitary sewer system replacements.
  3. Storm sewer system enhancements.
  4. Reconstruction of city streets.

Significant Changes

• State Bond Issuance: The bill authorizes the sale and issuance of state bonds worth $5,167,000 to provide the appropriated funds. The commissioner of management and budget is responsible for executing the bond sale under the guidelines of existing Minnesota Statutes and the Minnesota Constitution relevant to state bonding.

Relevant Terms

• Bond issuance
• Capital investment
• Municipal infrastructure
• Public Facilities Authority
• Water sewer system
• Stormwater infrastructure
• Street reconstruction