HF 1840

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:55am

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

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

Section 1. new text begin DAM RENOVATION; LANESBORO.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds fund
to the Department of Natural Resources for a grant under Minnesota Statutes, section
103G.511, to the city of Lanesboro to renovate the publicly owned dam damaged by
the floods in 2007. This grant is not subject to the priorities under Minnesota Statutes,
section 103G.511, subdivision 12.
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 $....... 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