This bill proposes an appropriation of $2,250,000 from the bond proceeds fund to the Public Facilities Authority for the city of St. Joseph. The funds are designated for the predesign, design, construction, and equipping of infrastructure improvements necessary to expand the city's wastewater collection system and related infrastructure to support economic development in industrial areas.
To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $2,250,000, 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.