Loretto; water and sewer infrastructure funding provided, bonds issued, and money appropriated.

This bill allocates $2.7 million in state funding to the city of Loretto for water and sewer infrastructure improvements. The money will be used to design, engineer, and replace water mains, water valves, sanitary sewers, stormwater systems, and associated street reconstruction. The state will issue bonds to provide these funds, with the commissioner of management and budget responsible for the bond sale process. The legislation takes effect immediately upon final enactment.