The bill appropriates $4,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of McKinley. This funding is designated for the design, construction, and equipping of the replacement of sewer and water infrastructure, as well as associated street replacement and repairs.
To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,500,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.