The bill proposes an appropriation of $50,000,000 from the bond proceeds fund to the Public Facilities Authority for the purpose of funding a new water treatment facility in the city of Rosemount. This funding will cover the predesign, design, construction, furnishing, and equipping of the facility.
To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $50,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The effective date of this section will be the day following its final enactment.