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

This bill allocates $4.5 million in state funds to the city of McKinley for upgrading its sewer, water, and street infrastructure. The money will be provided through a grant to the Public Facilities Authority, which will oversee the design, construction, and equipment installation for these projects. To finance the grant, the state will issue up to $4.5 million in bonds, with the funds drawn from the bond proceeds fund. The legislation takes effect immediately upon final passage by the legislature.