SF3126

Purpose of the Bill

The bill aims to provide financial support for critical infrastructure improvements in the city of Tonka Bay, Minnesota. It addresses the need to replace and modernize failing municipal systems to ensure efficient and reliable services for residents.

Main Provisions

• Appropriation of Funds: The bill allocates $5,700,000 from the state's bond proceeds fund through a grant to the city of Tonka Bay. This funding is intended specifically for the planning, construction, and outfitting of necessary updates to the city's infrastructure.
• Infrastructure Improvements: The grant will be used for the replacement and enhancement of several key infrastructure components, including water distribution systems, storm sewers, and sanitary sewer systems. Additionally, it covers the reconstruction of streets within the Lakeview and Wildhurst neighborhoods of Tonka Bay.

Significant Changes to Existing Law

• Bond Issuance Authorization: The bill authorizes the sale and issuance of state bonds to fund the described infrastructure projects in Tonka Bay. This involves putting into action specific provisions of Minnesota's statutes and constitution regarding state bonds.

Relevant Terms

• Infrastructure improvements
• State bonds
• Municipal infrastructure
• Water distribution system
• Storm sewer
• Sanitary sewer
• Bond proceeds fund
• Tonka Bay
• Public Facilities Authority