HF798

This legislative bill proposes the allocation of $2,000,000 for local road improvements in the city of Lake Park, Minnesota. The funding will be sourced from the bond proceeds fund. Specifically, the money is designated for the design, engineering, construction, reconstruction, and rehabilitation of local roads within Lake Park. To facilitate this allocation, the bill authorizes the Commissioner of Management and Budget to sell and issue state bonds up to the amount of $2,000,000. The process and terms of this bond sale are governed by specific sections of Minnesota Statutes and the Minnesota Constitution.