This bill appropriates $25,000,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Minneapolis. The funds are designated for the installation of approximately 2,100 feet of new storm sewer along 13th Avenue Northeast, extending from 2nd Street Northeast to a new outfall at the Mississippi River.
To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $25,000,000, 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.