Purpose of the Bill

The purpose of this bill is to allocate funds for the improvement of a water tower in the city of East Grand Forks, Minnesota. This involves both the preliminary engineering and construction phases.

Main Provisions

• Appropriation of Funds: The bill appropriates $600,000 from the bond proceeds fund. These funds are designated for a grant to the city of East Grand Forks. The grant is aimed specifically at the preliminary engineering and construction improvements of the south water tower.

• Exemption Clause: The appropriation is exempt from the general requirements typically mandated under Minnesota Statutes section 16A.86, subdivision 4.

• Bond Sale Authorization: The bill authorizes the sale and issuance of state bonds to provide the necessary funds. The commissioner of management and budget will conduct the bond sale in accordance with the terms and effects set forth by the relevant Minnesota Statutes and the Minnesota Constitution.

Significant Changes

• The bill introduces a financial strategy involving state bond issuance specifically for the purpose of public facility improvement, which was not previously covered for this project.

Relevant Terms

• Capital investment
• Water tower improvements
• East Grand Forks
• State bonds
• Appropriation
• Public Facilities Authority