HF 48

as introduced - 90th Legislature (2017 - 2018) Posted on 02/02/2017 03:54pm

A bill for an act
relating to capital investment; appropriating money for a grant to the city of
Dennison for sewage treatment system improvements; authorizing the sale and
issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. DENNISON SEWAGE TREATMENT SYSTEM IMPROVEMENTS.

Subdivision 1.

Appropriation.

$726,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Dennison to predesign, design,
and construct a new lift station and make sewage pond improvements. This appropriation
does not require a nonstate contribution.

Subd. 2.

Bond sale.

To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $726,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.

EFFECTIVE DATE.

This section is effective the day following final enactment.