HF 1485

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:51am

A bill for an act
relating to capital investment; authorizing the sale of state bonds; appropriating
money for a grant to the city of Waseca for a new wastewater treatment system
and plant.

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

Section 1. new text begin WASECA WASTEWATER TREATMENT PLANT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $16,444,207 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Waseca to predesign,
design, construct, furnish, and equip a new wastewater conveyance system and treatment
plant for the city.
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 subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $16,444,207 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