SF4356

Purpose

• This provisions set up funding for upgrading the wastewater treatment facility in the city of Albert Lea. The bill authorizes a grant to the city funded through state bonds to cover design, demolition, construction, and equipment improvements.

Main Provisions

• Appropriation: $25,000,000 is appropriated from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Albert Lea. The funds are for design, demolition, construction, and equipment improvements to upgrade the city’s wastewater treatment facility.
• Scope of work: The appropriation covers design, renovation, repairs, replacement of infrastructure equipment and other components of the wastewater treatment systems, site improvements to buildings and structures, and costs of demolition related to the project.
• Availability condition: The money is available when the commissioner of management and budget determines that sufficient resources have been committed to complete the project, per Minnesota Statutes section 16A.502.

Funding and Bonding Details

• Bond sale: The commissioner of management and budget must sell and issue bonds up to $25,000,000 from the bond proceeds fund, under the relevant Minnesota statutes (16A.631 to 16A.675) and Constitution Article XI (sections 4 to 7).

Oversight and Implementation

• Administration: The funds are to be used as a grant to the city of Albert Lea through the Public Facilities Authority, specifically for upgrading the wastewater treatment facility.

Significant Changes to Existing Law

• This bill creates a new capital investment appropriation and authorizes a bond sale of up to $25,000,000 for the Albert Lea wastewater project, thereby expanding state financing to support local wastewater infrastructure upgrades.

Relevant Terms - Public Facilities Authority - grant to the city of Albert Lea - Albert Lea wastewater treatment facility - design, demolition, construction, equipment improvements - wastewater treatment systems - site improvements - demolition costs - bond proceeds fund - Minnesota Statutes §16A.502 - Minnesota Statutes §§16A.631–16A.675 - Minnesota Constitution Article XI, §§4–7