SF3442

Purpose of the Bill

The bill is intended to improve the water treatment facility in the city of St. Peter, Minnesota. The goal is to address the issues with aging and failing infrastructure at the current facility.

Main Provisions

• Funding Allocation: The bill proposes an appropriation of $21,500,000 from the bond proceeds fund. This money will be used to grant the city of St. Peter funds for the predesign, design, construction, and equipping of improvements to the water treatment facility.

• Bond Sale Authorization: The bill authorizes the sale and issuance of state bonds totaling up to $21,500,000. This process will be carried out by the commissioner of management and budget, following existing Minnesota statutes and the state constitution guidelines.

Significant Changes

• The bill does not create new laws but rather facilitates financial resources and legal permissions to undertake large-scale infrastructure improvements specifically for water treatment in St. Peter.

Relevant Terms

water treatment facility, infrastructure improvement, bond proceeds fund, state bonds, appropriation, city of St. Peter, rehabilitation, grant, Public Facilities Authority.