Purpose of the Bill

The bill aims to secure funding for improving the water treatment facility in the city of St. Peter, Minnesota. It seeks to enhance the infrastructure by addressing aging and failing components, ensuring the facility can better serve the community's needs.

Main Provisions

• Funding Allocation: The bill appropriates $21,500,000 from the bond proceeds fund. This money will be used for the predesigning, designing, constructing, and equipping the rehabilitation and replacement of infrastructure at St. Peter's water treatment facility.
• Bond Issuance: The bill authorizes the sale and issuance of state bonds to provide the necessary funds. The bonds will be managed by the commissioner of management and budget, following specific Minnesota statutes and constitutional guidelines.

Significant Changes

This bill facilitates a significant investment in local infrastructure by enabling the city of St. Peter to proceed with critical updates and repairs to its water treatment facility. It represents a commitment to addressing aging infrastructure through state support and financial mechanisms.

Relevant Terms

• Capital investment
• Water treatment facility
• Infrastructure rehabilitation
• Bond proceeds fund
• State bonds
• Public Facilities Authority