HF 2043

as introduced - 88th Legislature (2013 - 2014) Posted on 03/06/2014 03:26pm

A bill for an act
relating to capital investment; appropriating money for a grant to Pequot Lakes
to replace its spray irrigation field equipment at the wastewater treatment facility;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin PEQUOT LAKES WASTEWATER TREATMENT SPRAY
IRRIGATION EQUIPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $250,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
the city of Pequot Lakes to replace the spray irrigation field equipment at the city's
wastewater treatment facility. This appropriation is not available until the commissioner of
management and budget has determined that at least an equal amount has been committed
to the project from nonstate sources.
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 $250,000 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