This legislative bill, designated as SF No 267, involves approving the allocation of funds and authorizing the state to issue bonds to finance critical water and sewer infrastructure improvements in the city of Newport, Minnesota. Specifically, $5,162,000 will be directed from the bond proceeds fund to the Public Facilities Authority to help Newport acquire necessary property rights and manage the pre-design, design, construction, and replacement of its water, sanitary sewer, and storm sewer systems. The project also includes street reconstruction in specific areas of Newport, defined in the bill. To raise the needed funds, the state will sell bonds as outlined by relevant Minnesota statutes and constitutional provisions.