HF 3608

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/21/2022 02:49pm

A bill for an act
relating to capital investment; appropriating money for wastewater infrastructure
improvements for the city of Owatonna; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin OWATONNA; WASTEWATER TREATMENT FACILITY EXPANSION
AND IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $22,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Owatonna to design, construct,
and equip improvements to expand and upgrade the city's wastewater treatment facility.
This appropriation is not available until the commissioner of management and budget
determines that $25,600,000 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 $22,000,000 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