SF20

Purpose

To fund a new water treatment facility in Henderson and improve the local water system by connecting the facility to the existing well and water distribution network.

Main provisions

• Appropriation of funds: 3,000,000 is appropriated from the bond proceeds fund to the Public Facilities Authority to provide a grant to the city of Henderson for the design and construction of the new water treatment facility and its connection to the current well and water distribution system.
• Financing plan: The state will issue and sell bonds up to 3,000,000 to cover the appropriation. The bond sale is to be conducted under the terms and conditions of Minnesota law (statutes 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Funding and financing details

• Source of funds: Bond proceeds fund.
• Recipient and use: Public Facilities Authority receives the appropriation to grant funds to Henderson for design and construction of the facility and its connection to the existing water system.
• Bond issuance: The Commissioner of Management and Budget is responsible for selling and issuing the bonds up to the specified amount, in accordance with applicable state law and constitutional authority.

Significance and context

• This bill provides state-backed financing to support local water infrastructure development, specifically a new water treatment facility in Henderson and its integration with the current water system. It leverages bond financing to fund the project rather than a direct appropriation from the operating budget.

Relevant terms

• bond proceeds fund
• Public Facilities Authority
• grant
• city of Henderson
• water treatment facility
• design and construction
• connection to the existing well
• water distribution system
• bond sale / bonds
• Commissioner of Management and Budget
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI, sections 4 to 7