Easton; new water tower funding provided, bonds issued, and money appropriated.

This bill authorizes the state of Minnesota to provide $1,500,000 in funding to the city of Easton for designing and constructing a new water tower. To finance this grant, the state will issue and sell bonds up to the same amount, with the money drawn from the bond proceeds fund. The Public Facilities Authority will manage the distribution of these funds to Easton, and the legislation takes effect immediately upon final passage.