The bill proposes an appropriation of $6,400,000 from the bond proceeds fund to the Public Facilities Authority for the city of Barnesville. This funding is designated for the predesign, design, construction, reconstruction, and equipping of public infrastructure improvements in the Northwest Improvement Area, specifically targeting enhancements to the water main, sanitary sewer, and storm sewer systems.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,400,000 to finance the appropriated funds. The bond issuance will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section will be the day following its final enactment.