This bill, S.F. No. 2444, is a capital investment measure that appropriates $2,500,000 from the bond proceeds fund to the Public Facilities Authority for a grant to the city of Cohasset, Minnesota. The funds will be used for public infrastructure improvements, including:

• Rehabilitation of the city's water tower
  
• Extension of water, sanitary sewer, and storm sewer infrastructure citywide
  
• Associated street reconstruction

To finance this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $2,500,000, following the provisions outlined in Minnesota Statutes (Sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, Sections 4 to 7).