SF2783

Purpose of the Bill

The purpose of this bill is to provide financial resources for capital improvements to the water treatment facility in the city of International Falls, Minnesota. This includes funding through the sale and issuance of state bonds.

Main Provisions

• Appropriation of Funds: The bill allocates $4,800,000 from the bond proceeds fund. This money is designated for the Public Facilities Authority to grant to the city of International Falls.

• Facility Improvements: The funding is intended for the construction, renovation, furnishing, and equipping of the water treatment facility. The improvements focus on expanding the facility, rehabilitating and replacing old and failing infrastructure, and implementing necessary security upgrades.

• Infrastructure Enhancements: Additional site improvements will be made to support ongoing operations at the facility.

Significant Changes to Existing Law

• Bond Issuance: The bill authorizes the sale and issuance of state bonds up to $4,800,000. This aligns with the financial procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI, sections 4 to 7. These bonds will provide the necessary funding for the improvements to the water treatment facility.

Relevant Terms

capital investment, appropriations, water treatment facility, International Falls, state bonds, infrastructure improvements, Public Facilities Authority, renovation, security upgrades, bond proceeds fund