HF490

Purpose

This bill would provide state funding to upgrade and expand a regional water facility in the Alexandria Lake Area Sanitary District (ALASD). It would authorize the sale of up to $25 million in state bonds to finance a grant to ALASD for Phase One improvements, including design, engineering, construction, and equipment upgrades to the ALASD regional water reclamation facility.

Main Provisions

• Appropriation of $25,000,000 from the bond proceeds fund to the Public Facilities Authority (PFA) as a grant to ALASD. The purpose is for ALASD to design, engineer, construct, and equip Phase One improvements and upgrades to its regional water reclamation facility.
• Bond authorization. The commissioner of management and budget must sell and issue state bonds in an amount up to $25,000,000 to finance the appropriation, under the terms and effects described by Minnesota law (Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Financing and Implementation Details

• Source of funds: Bond proceeds fund.
• Responsible entities: Public Facilities Authority receives the appropriation; the Commissioner of Management and Budget oversees the sale and issuance of the bonds.
• Legal framework: Bond issuance and use are to follow existing Minnesota statutes and constitutional provisions cited in the bill.

Significant Changes to Existing Law

• Creates a new appropriation of $25,000,000 from the bond proceeds fund for ALASD and authorizes the state to issue up to $25,000,000 in bonds to finance this grant.
• This represents an addition to capital investment funding for ALASD's regional water reclamation facility and relies on existing bond-related statutes and constitutional provisions for issuance and repayment; there are no other statutory changes noted in the text.

Implementation Timeline (Notes)

• The bill outlines funding and bond issuance processes but does not specify a project timeline or start date for Phase One.

Relevant Terms - Alexandria Lake Area Sanitary District (ALASD) - Public Facilities Authority (PFA) - regional water reclamation facility - Phase One improvements and upgrades - design, engineer, construct, and equip - bond proceeds fund - bonds / bond sale - Commissioner of Management and Budget - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7