as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money for Itasca County
infrastructure; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$30,000,000 is appropriated from the bond proceeds fund to the commissioner
of employment and economic development for a grant to Itasca County for public
infrastructure needed to support a steel plant in Itasca County. Grant money may be used
by Itasca County to acquire right-of-way and mitigate loss of wetlands and runoff of storm
water, to predesign, design, construct, and equip roads and rail lines, and, in cooperation
with municipal public utilities, to predesign, design, construct, and equip natural gas
pipelines, electric infrastructure, water supply systems, and wastewater collection and
treatment systems.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$30,000,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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