Bill > SF2223

This bill appropriates $10,000,000 from state bond proceeds to the Public Facilities Authority for a grant to the city of Monticello to support the design, engineering, construction, furnishing, and equipping of a water treatment facility, including accompanying water utility infrastructure. The appropriation is in addition to a previous allocation made in 2023 for the same purpose. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $10,000,000 to fund this project, following the standard procedures outlined in Minnesota Statutes and the state constitution. The bonds will be sold according to established guidelines for state bond issuance, which typically involve specific terms and conditions to ensure responsible fiscal management. The bill becomes effective immediately after it is enacted, allowing the city of Monticello to proceed with its water treatment facility improvements using the newly allocated state funds.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2223&ssn=0&y=2025