Purpose of the Bill

The bill aims to allocate funds for improving the sanitary sewer system in the city of Taylors Falls, Minnesota. This will be achieved through the provision and use of state-issued bonds.

Main Provisions

• Appropriation of Funds: The bill proposes a $1,500,000 appropriation from the bond proceeds fund specifically for the purpose of designing, constructing, and equipping improvements to Taylors Falls' sanitary sewer system.

• Authorization of Bond Sale: It authorizes the sale and issuance of state bonds to raise the appropriated funds. This bond sale will be managed by the commissioner of management and budget and will adhere to relevant Minnesota statutes and constitutional articles.

Significant Changes to Existing Law

• The appropriation from the bond proceeds fund for these sewer improvements is a new allocation, requiring the issuance of state bonds. It represents a specific legislative action to fund a local infrastructure project, impacting the financial operations associated with state-bond management.

Relevant Terms

sanitary sewer system, Taylors Falls, appropriation, bond proceeds fund, Public Facilities Authority, state bonds, bond sale, infrastructure improvements.