Water infrastructure funding program provisions modified, bonds issued, funding provided for clean water, and money appropriated.

HF 724 modifies Minnesota's water infrastructure funding programs to increase support for local governments. It raises the maximum grant amount for wastewater and drinking water projects from $5 million to $10 million per project (or $20,000 per connection), while adding a new "emerging contaminants grant program" to address newer water quality threats. The bill authorizes the sale of state bonds to fund these clean water initiatives and adjusts eligibility rules to help communities where system costs exceed 1.4% of median household income for wastewater or 1.2% for drinking water. These changes directly affect cities, counties, and water utilities seeking funding for infrastructure upgrades under existing revolving fund programs.