HF 3318

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/10/2022 02:07pm

A bill for an act
relating to capital investment; appropriating money for a flood hazard mitigation
project and public water infrastructure improvements in Kasson; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin KASSON; FLOOD HAZARD MITIGATION AND PUBLIC WATER
INFRASTRUCTURE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Kasson to acquire property
and easements, design, engineer, obtain permits for, construct, furnish, and equip a storm
water impoundment infrastructure and to design, engineer, construct, furnish, and equip the
replacement and renovation of sanitary sewer and storm water infrastructure and systems
and a water main, and restore roadways in a portion of the city of Kasson. This appropriation
is available when the commissioner of management and budget determines that sufficient
resources have been committed to complete the project, as required by Minnesota Statutes,
section 16A.502.
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 $4,500,000 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