HF 2561

as introduced - 89th Legislature (2015 - 2016) Posted on 03/08/2016 04:12pm

A bill for an act
relating to capital investment; appropriating money for public infrastructure in
Milaca; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MILACA PUBLIC INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,750,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Milaca to acquire land as
necessary for and to predesign, design, and construct public infrastructure to expand the
city service area to: include an area that would allow Independent School District No.
912, Milaca, to expand to meet its program needs, protect the city's drinking water from
additional wells or individual treatment systems, allow for interconnection with the city
of Foreston, serve a facility to house the cooperative that serves four districts and their
special needs students, and provide service to areas of the city that presently are not served
by public water service in order to facilitate economic development.
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 $1,750,000 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