Purpose of the Bill

The purpose of the bill is to fund improvements to the water main infrastructure in the city of Shorewood, Minnesota. This bill outlines a financial commitment from the state to support the necessary upgrades and construction.

Main Provisions

• Appropriation of Funds: The bill allocates a total of $750,000 from the bond proceeds fund to the Public Facilities Authority. This allocation is for the purpose of granting funds to the city of Shorewood.
• Use of Funds: The funds are designated for the acquisition of property and easements as well as the design, construction, and equipping of water main infrastructure along Mill Street in Shorewood.
• Bond Sale: To secure the allocated funds, the bill authorizes the state commissioner of management and budget to sell and issue state bonds amounting to $750,000. This process will adhere to the guidelines established in certain sections of Minnesota Statutes and the Minnesota Constitution, ensuring a formal and standardized approach.

Significant Changes to Existing Law

This bill does not propose changes to existing laws but authorizes new appropriations and bond sales specifically for this infrastructure project.

Relevant Terms

• Capital investment
• Water main improvements
• Public Facilities Authority
• Bond proceeds fund
• State bond issuance
• Shorewood, Minnesota
• Infrastructure development