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.
To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,000,000, 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.