HF 2419

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/25/2021 02:11pm

A bill for an act
relating to capital investment; appropriating money for water and wastewater
infrastructure in the city of Spicer; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CITY OF SPICER; WATER AND WASTEWATER INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Spicer to engineer, construct, and
equip a new lift station, water and sewer system improvements, and related local road
improvements in the southeast area of the city known as Spicer LLC.
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 $2,000,000 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