as introduced - 93rd Legislature (2023 - 2024) Posted on 06/22/2023 11:04am
A bill for an act
relating to capital investment; appropriating money for Mankato's regional water
resource recovery facility; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$44,500,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Mankato to construct, furnish,
and equip upgrades to the city's regional water resource recovery facility, including the
disinfection and digestion upgrades improving water quality of the discharge to the Minnesota
River. Amounts spent on the predesign, design, and engineering since March 1, 2019, count
toward the nonstate contribution required under Minnesota Statutes, section 16A.86,
subdivision 4.
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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 $44,500,000 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.
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This section is effective the day following final enactment.
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