Purpose of the Bill

The bill seeks to improve utility infrastructure in the city of Lanesboro, Minnesota, by allocating funds for the design, engineering, and construction of water and sewer systems. This is in conjunction with the reconstruction of Trunk Highway 250.

Main Provisions

• Appropriation of Funds: The bill appropriates $5,130,000 from the bond proceeds fund to finance the water and sewer infrastructure improvements in Lanesboro.
• Grant to Lanesboro: The funds will be given as a grant to the city for the necessary technical and physical developments to the utility systems.
• Coordination with Highway Reconstruction: The improvements are part of a larger project involving the reconstruction of Trunk Highway 250 in the city.

Significant Changes to Existing Law

• Bond Sale Authorization: The bill authorizes the Minnesota Commissioner of Management and Budget to sell and issue state bonds to raise the aforementioned amount. This will enable the state to fund the planned infrastructure projects in Lanesboro.

Relevant Terms

• Capital Investment
• Utility Infrastructure Improvements
• Bond Proceeds Fund
• State Bonds
• Trunk Highway 250
• City of Lanesboro