This bill, H.F. No. 1449, introduced in the Minnesota House of Representatives, proposes appropriating $3,600,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Revere. The funds would be used for designing, constructing, and equipping the replacement of aging and failing municipal infrastructure, specifically focusing on storm sewer system improvements and street reconstruction.

To finance this expenditure, the bill authorizes the sale and issuance of state bonds up to the appropriated amount. The commissioner of management and budget is responsible for issuing these bonds in accordance with Minnesota Statutes (sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, Sections 4 to 7).