This bill appropriates $2,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Hanska, specifically for the design and construction of a new water tower. The bill outlines the necessary funding and authorizes the sale and issuance of state bonds to cover the appropriated amount.
To facilitate this funding, the commissioner of management and budget is tasked with selling and issuing bonds of the state up to the specified amount, following the guidelines set forth in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.