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

This bill authorizes the state of Minnesota to issue up to $10.9 million in bonds to fund water infrastructure improvements for the city of Oakdale. The appropriated funds will be used by the Public Facilities Authority to help Oakdale design, build, and equip new municipal water mains, including associated street reconstruction. By selling these bonds, the state provides the necessary capital for the project without requiring an immediate tax increase. The legislation takes effect immediately upon final passage by the legislature.