City of East Grand Forks industrial park municipal infrastructure bond issue and appropriation

This bill authorizes the state to issue up to $6,419,000 in bonds to fund infrastructure improvements for the industrial park in East Grand Forks. The funds will be used to design and build necessary street and utility repairs and replacements in the area south of U.S. Highway 2 and east of 5th Avenue Northeast. A grant from these bond proceeds will be given to the city through the commissioner of employment and economic development to carry out the project. The legislation takes effect immediately upon final passage by the legislature.