Bill > SF3564

This bill authorizes the state to issue up to $5,000,000 in bonds, which are essentially loans that the state will repay over time, to fund the construction of a new water treatment facility in the city of Waconia. The money appropriated, meaning formally set aside for a specific purpose, will come from the sale of these bonds and will be managed by the Public Facilities Authority, a state agency that helps finance public projects. This funding is intended to help Waconia acquire land and then design, build, and equip the facility to ensure a greater supply of safe drinking water for its residents. The bill specifies that the bond sale will follow established state laws and constitutional provisions governing such financial transactions, and it will take effect immediately after being officially passed into law.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/3564/