as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to the city of Grand Rapids; authorizing issuance of certain capital
improvement bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The city of Grand Rapids may issue general obligation bonds under Minnesota
Statutes, section 475.521, to refund outstanding revenue bonds issued by the city to finance
the acquisition and betterment of a joint public works and public utilities service center.
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The joint service center is deemed to be a capital improvement, and a capital
improvement plan or plan amendment that describes the refunding bonds and is approved
by the city council after public hearing is deemed to comply with Minnesota Statutes,
section 475.521, subdivision 3.
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Sections 1 and 2 are effective upon compliance with Minnesota Statutes, section
645.021, subdivision 3.
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