Senate File No. 550 is a legislative bill proposing to allocate $16,600,000 for the construction and equipping of three new water treatment plants in the city of Hastings, Minnesota. These plants are specifically designed to remove harmful per- and polyfluoroalkyl substances (PFAS) from the city's water supply. To fund this project, the bill authorizes the state to sell and issue bonds up to the amount of $16,600,000. The funds from these bonds will be managed by the Public Facilities Authority, as directed in the bill.