Purpose of the Bill

The purpose of this bill is to allocate funds for water main improvements in the city of Shorewood, Minnesota. The bill aims to provide the necessary financial resources through state bonds to enhance the city's water infrastructure.

Main Provisions

• Appropriation of Funds: The bill appropriates $750,000 from the bond proceeds fund to the Public Facilities Authority. This grant is specifically for the city of Shorewood to use in acquiring property and easements, as well as designing, constructing, and equipping water main infrastructure along Mill Street.

• Issuance of State Bonds: To gather the appropriated funds, the bill authorizes the commissioner of management and budget to sell and issue bonds of the state. The total bond issuance will be up to $750,000. The terms and procedures for this bond sale will adhere to specific Minnesota Statutes and the Minnesota Constitution.

Significant Changes

There are no specific amendments or changes to existing laws stated in the bill. However, it facilitates the improvement of the water infrastructure in Shorewood through the allocation of state resources and bonding authority.

Relevant Terms

• Shorewood water main improvements
• Public Facilities Authority
• Bond proceeds fund
• State bonds
• Infrastructure development