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SF 2379

as introduced - 89th Legislature (2015 - 2016) Posted on 03/09/2016 09:06am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
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A bill for an act
relating to capital investment; appropriating money for a grant to the
Detroit Lakes Public Utilities Commission for wastewater treatment system
improvements; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin DETROIT LAKES PUBLIC UTILITIES COMMISSION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the Detroit Lakes Public Utilities
Commission for wastewater treatment system improvements. This grant is in addition
to grants for which the project is eligible under Minnesota Statutes, sections 446A.072
and 446A.073.
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 $15,000,000 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