This bill appropriates $6,419,000 from the bond proceeds fund to the commissioner of employment and economic development for a grant to the city of East Grand Forks. The funds are designated for designing and constructing improvements to municipal infrastructure that will support the city's industrial park, located south of U.S. Highway 2 and east of 5th Avenue Northeast. The improvements will include the replacement and repair of streets and utilities.
To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,419,000, 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.