The bill proposes an appropriation of $2,000,000 from the bond proceeds fund to the Public Facilities Authority for the city of Tamarack. This funding is designated for the design, engineering, construction, and equipping of new and replacement items of aging and failing municipal infrastructure, specifically targeting improvements to the wastewater treatment and collection system, as well as street reconstruction associated with these projects.
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.