This bill appropriates $2,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Mountain Lake. The funds are designated for the design and construction of public infrastructure, which includes improvements to streets, clean drinking water systems, and sanitary and stormwater sewers, aimed at expanding housing in the city.
Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,000,000 to provide the necessary funding. The provisions for the bond sale will follow the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The bill is set to take effect the day after it is enacted.