HF4891

Purpose

The bill provides funding and authorization for a water infrastructure project in Oakdale. It aims to support the replacement of the city’s municipal water main system and related improvements by securing state bond funding.

Main Provisions

• Subdivision 1 — Appropriation:

  • An amount of 10,900,000 dollars is appropriated from the bond proceeds fund.
  • This money goes to the Public Facilities Authority as a grant to the city of Oakdale.
  • The grant covers predesign, design, construction, and equipment for replacing the municipal water main infrastructure.
  • The project also includes street reconstruction and other improvements connected to the water system replacement.

• Subdivision 2 — Bond sale:

  • The Commissioner of Management and Budget must issue and sell state bonds to fund the appropriation, up to 10,900,000 dollars.
  • Bond terms and process must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Effect on Existing Law

• Establishes a new capital investment appropriation and bonding authority specifically for Oakdale’s water infrastructure project.
• It relies on existing state bond issuance laws and constitutional provisions but does not modify them; it authorizes the sale of bonds and allocation of the bond proceeds fund to fund the project.

Key Entities and Terms Involved

• Public Facilities Authority (PFA)
• City of Oakdale
• Water infrastructure / municipal water main infrastructure
• Predesign, design, construct, equip
• Street reconstruction
• Bond proceeds fund
• Bond sale / bonds
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI (sections 4 to 7)

Relevant Terms - bond proceeds fund - grant to city - Oakdale - water main infrastructure - predesign - design - construct - equip - street reconstruction - Public Facilities Authority - capital investment - bonds