HF1050

House File No. 1050 is a legislative bill proposing financial support for infrastructure improvement specifically focusing on a 36-inch water main located in Minneapolis, Minnesota. The bill outlines the following key points:

1. Appropriation of Funds: The bill requests the appropriation of $12,360,000 from the bond proceeds fund. This amount is allocated to the Public Facilities Authority to grant the city of Minneapolis funds needed to install a structural liner along a 2.6-mile section of the water main under Second Street North and Washington Avenue North.

2. Bond Issuance: To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $12,360,000. The issuance of these bonds will follow the regulations and conditions set out in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI, sections 4 to 7.

3. Condition of Funding: The funds will only be allocated when it is verified that enough non-state resources are committed to fully complete the water main project.

In summary, H.F. No. 1050 is primarily focused on securing state funding through bond sales for essential upgrades to a significant water infrastructure within Minneapolis, ensuring that state and non-state funds collectively support the completion of the project.