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Office of the Revisor of Statutes

HF 1100

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2021 04:36pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 02/15/2021

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 2.1 2.2
2.3

A bill for an act
 relating to capital investment; appropriating money for clean water; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin CLEAN WATER APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Total appropriation. new text end

new text begin $100,000,000 is appropriated from the bond
proceeds fund to the Public Facilities Authority for the purposes of this section.
 new text end

new text begin Subd. 2. new text end

new text begin State match for revolving loan funds. new text end

new text begin $10,000,000 of this appropriation is to
match federal capitalization grants for the clean water revolving fund under Minnesota
Statutes, section 446A.07, and the drinking water revolving fund under Minnesota Statutes,
section 446A.081. This appropriation must be used for qualified capital projects.
 new text end

new text begin Subd. 3. new text end

new text begin Water infrastructure funding program. new text end

new text begin $45,000,000 of this appropriation
is for grants to eligible municipalities under the water infrastructure funding program under
Minnesota Statutes, section 446A.072.
 new text end

new text begin Subd. 4. new text end

new text begin Point source implementation grants program. new text end

new text begin $45,000,000 of this
appropriation is for grants to eligible municipalities under the point source implementation
grants program under Minnesota Statutes, section 446A.073. This appropriation must be
used for qualified capital projects.
 new text end

new text begin Subd. 5. 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 $100,000,000 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