SF 2221

as introduced - 89th Legislature (2015 - 2016) Posted on 05/19/2015 02:20pm

A bill for an act
relating to capital investment; appropriating money for public infrastructure
improvements in Milaca; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MILACA PUBLIC INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,750,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Milaca to acquire land as
necessary for and to predesign, design, and construct drinking water infrastructure to
expand the city service area to include an area that would allow Independent School District
No. 912, Milaca, to expand to meet its early childhood program needs and to serve a facility
to house the cooperative that serves four districts and their special needs students, and to
provide service to areas of the city that presently are not served by public water service.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $1,750,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end