HF 2334

as introduced - 89th Legislature (2015 - 2016) Posted on 05/14/2015 09:37am

A bill for an act
relating to capital investment; appropriating money for a wastewater treatment
facility for Clear Lake and Clearwater; authorizing the issuance of state bonds.

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

Section 1. new text begin WASTEWATER TREATMENT FACILITY; CLEAR LAKE AND
CLEARWATER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,200,000 is appropriated from the bond
proceeds fund to the Public Facilities Authority for a grant to the Clear Lake-Clearwater
Sewer Authority to remove and replace the existing wastewater treatment facility.
This appropriation is not available until the commissioner of management and budget
determines that at least $200,000 is committed to the project from nonstate sources and
the authority has applied for at least two grants to offset the cost. Any money received by
the authority from grants will be returned to the general fund. This appropriation is not
available until at least an equal amount is committed from nonstate sources.
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 $1,200,000 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