Purpose of the Bill

The bill aims to allocate funds for improvements to the sanitary sewer system in Taylors Falls, a city in Minnesota. This initiative seeks to enhance the local infrastructure by providing necessary financial resources.

Main Provisions

• Funding Allocation: The bill appropriates $1,500,000 to the Public Facilities Authority. This funding is specifically designated for providing a grant to Taylors Falls. The grant will be used for the design, construction, and equipping of updates and improvements to the city's sanitary sewer system.

• Bond Issuance: To cover the appropriated amount, the commissioner of management and budget is authorized to sell and issue state bonds. These bonds will raise the necessary funds for the sewer improvements project and will adhere to procedures outlined in specific Minnesota Statutes and the State Constitution.

Significant Changes to Existing Law

The bill does not introduce significant changes to existing law but facilitates infrastructure development through state-supported financial measures, including the sale of bonds.

Relevant Terms

• Capital investment
• Sanitary sewer improvements
• Public Facilities Authority
• State bonds
• Infrastructure financing