HF 31

as introduced - 92nd Legislature, 2021 1st Special Session (2021 - 2021) Posted on 06/14/2021 11:25am

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

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

Section 1. new text begin WABASHA; PORT IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,238,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Wabasha to construct, furnish,
and equip, a new port facility on the Mississippi River, including a field office and truck
scale, in the city of Wabasha. This appropriation includes money for site improvements
including utilities, construction of a dock and mooring facilities, an access road, and dredging
of an access channel.
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 $1,238,000 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