This bill appropriates a total of $3,700,000 from the bond proceeds fund to the Public Facilities Authority for the city of Cook to enhance its public infrastructure. The funds are designated for specific projects: $1,500,000 will be used for improvements to the city's inflow and infiltration collection system and rehabilitation of the wastewater treatment pond system, while $2,200,000 is allocated for the water and sewer line infrastructure related to the North Business Park looping project. Additionally, any unspent funds from these appropriations can be repurposed for the same projects after notifying the commissioner of management and budget.
To finance these appropriations, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $3,700,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill also states that it will take effect the day after it is enacted.