as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:53am
A bill for an act
relating to capital improvements; appropriating money for road construction in
the city of Buhl; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$100,000 is appropriated from the bond proceeds fund to the Public Facilities
Authority for a grant to the city of Buhl for road improvements including paving and the
installation of curbs and gutters on East Monroe Drive. This appropriation is not available
until the commissioner of finance has determined that at least an equal amount has been
committed to the project from nonstate sources.
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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
$100,000 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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