McKinley street and water infrastructure bond issue and appropriation

This bill authorizes the issuance of up to $4.5 million in state bonds to fund infrastructure improvements in the city of McKinley. The funds will be used by the Public Facilities Authority to help the city design, build, and equip replacements for its sewer and water systems, as well as repair associated streets. Once passed, the state will sell these bonds to raise the necessary money, which will then be granted directly to McKinley for the project. The legislation takes effect immediately upon final enactment.