SF 3371

as introduced - 89th Legislature (2015 - 2016) Posted on 04/01/2016 09:18am

A bill for an act
relating to capital investment; appropriating money for Mankato to connect
the Southview Heights area to the city sewer system; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin MANKATO; SEWER CONNECTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $950,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Mankato to acquire land
or interests in land if necessary and to predesign, design, construct, and install sanitary
sewer infrastructure to connect the Southview Heights area of the city to city sewer. This
appropriation equals approximately one-third of the estimated total project cost and is not
available until the commissioner of management and budget determines that an amount
sufficient to complete the project is committed to it.
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 $950,000 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