This bill appropriates $3,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Dayton. The funds are designated for the acquisition of real property and the predesign, design, and construction of a new water tower. This new infrastructure aims to ensure adequate water storage and sufficient pressure for fire suppression for the residents of Dayton.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,000,000 to finance the appropriation. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section is set for the day following its final enactment.