SF218

Purpose

This bill provides capital investment funding to support clean water infrastructure in the city of Waseca. It authorizes a grant to help the city acquire land or permanent easements and to predesign, survey, and design a new water tower. The funding comes from state bonds, and the bill specifies that no nonstate match is required.

Main Provisions

• Subdivision 1 – Appropriation:
  • An amount of 1,000,000 is appropriated from the bond proceeds fund to the Public Facilities Authority.
  • The funds are for a grant to the city of Waseca to acquire land or permanent easements and to predesign, survey, and design a new water tower.
  • This appropriation does not require a nonstate match.
• Subdivision 2 – Bond Sale:
  • The commissioner of management and budget shall sell and issue bonds of the state up to 1,000,000 to provide the money for the appropriation.
  • Bond issuance must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution article XI sections 4 to 7.

Financing and Legal Details

• Funding mechanism: bond proceeds fund, with the money used as a grant to Waseca for the water infrastructure project.
• Legal references: Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

Significance and Context

• Focus: Improving clean water infrastructure in Waseca by supporting land acquisition/easements and planning for a new water tower.
• Financing: Uses state bonds (up to $1,000,000) and does not require a nonstate match.
• Implementing agency: Public Facilities Authority administers the grant.

What this means in practice

• The city of Waseca would benefit from a funded grant to proceed with land acquisition and design work for a new water tower, financed through state bonds authorized by this bill.

Relevant Terms - capital investment - appropriation - bond proceeds fund - Public Facilities Authority - grant - city of Waseca - land acquisition - permanent easements - predesign - survey - design - water tower - nonstate match - bond sale - commissioner of management and budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7