SF 635

as introduced - 90th Legislature (2017 - 2018) Posted on 02/07/2017 08:40am

A bill for an act
relating to capital investment; appropriating money for street and sewer
improvements in the city of Waldorf; authorizing the sale and issuance of state
bonds.

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

Section 1. WALDORF; STREET AND SEWER IMPROVEMENTS.

Subdivision 1.

Appropriation.

$3,699,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Waldorf to design, construct, and
equip a stabilization pond system, wastewater collection system, a water treatment and
distribution system, storm water drainage systems, street replacement, and other capital
improvements to publicly owned infrastructure.

Subd. 2.

Bond sale.

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 $3,699,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.