Purpose of the Bill

The bill aims to allocate financial resources for the improvement of a water tower in the city of East Grand Forks, Minnesota. This includes engineering and construction efforts necessary to enhance the water tower’s infrastructure.

Main Provisions

• Funding Allocation: The bill proposes an appropriation of $600,000 from the bond proceeds fund. This money is intended to grant the Public Facilities Authority the ability to finance the preliminary engineering and construction required for the water tower improvements.

• Exemption from Requirements: The appropriation for this project is exempt from the specific requirements outlined in Minnesota Statutes section 16A.86, subdivision 4, which typically govern the use of such funds.

• Bond Issuance: To secure the necessary funds, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the same amount, $600,000. This sale and issuance must comply with the relevant sections of Minnesota law and the Minnesota Constitution.

Significant Changes

This bill does not amend existing statutes; instead, it provides a specific financial appropriation and bond authorization for a particular infrastructure project.

Relevant Terms

• Capital investment
• Bond proceeds fund
• Water tower improvements
• Public Facilities Authority
• Bond issuance