Purpose of the Bill

The purpose of this bill is to allocate funding for improvements to public infrastructure and street reconstruction in the city of Minnetonka Beach. The bill aims to address the aging and failing municipal systems that are crucial for everyday life in the city.

Main Provisions

• Appropriation of Funds: The bill appropriates $5,167,000 from the bond proceeds fund to provide a grant to Minnetonka Beach. This grant will be used to design, engineer, construct, and equip new infrastructure.
• Infrastructure Improvements: Funding will support the replacement and improvement of the city's water distribution system, sanitary sewer system, and storm sewer system. Additionally, city streets will be reconstructed.

Significant Changes

This bill authorizes the sale and issuance of state bonds to generate the necessary funds. This involves selling bonds up to the amount specified to finance the infrastructure projects, which is a common practice for funding large public projects.

Relevant Terms

• Capital investment
• Infrastructure
• Water distribution system
• Sanitary sewer system
• Storm sewer system
• Street reconstruction
• State bonds
• Bond proceeds fund