The bill appropriates $3,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Proctor. This funding is designated for the predesign, design, and construction of water, sewer, and electric utility extensions and upgrades along marked Interstate Highway 35, specifically from Ugstad Road to the south side and along the frontage road, as well as utility replacements extending to 2nd Street. Notably, this appropriation does not require a nonstate match.
To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,500,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section is set for the day following its final enactment.