HF 2857

as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2016 03:26pm

A bill for an act
relating to capital investment; appropriating money for Voyageurs National Park
clean water project; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin VOYAGEURS NATIONAL PARK CLEAN WATER PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $6,000,000 is appropriated from the bond
proceeds fund to the Public Facilities Authority for a grant to Koochiching County to
acquire land or interests in land, and to design, engineer, construct, and equip sanitary
sewage systems and facilities to implement a portion or portions of the Voyageurs National
Park clean water project comprehensive plan.
new text end

new text begin (b) This appropriation is in addition to the appropriation in Laws 2014, chapter 294,
article 1, section 22, subdivision 7. Notwithstanding the match requirement in Laws 2014,
chapter 294, article 1, section 22, subdivision 7, the nonstate match required for this
appropriation and the 2014 appropriation for a grant to Koochiching County is 25 percent
of the state grant amounts. Any money remaining from this appropriation after completion
of the projects in paragraph (a) is available for grants to Koochiching County or St. Louis
County to be used for other projects described in the comprehensive plan.
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 $6,000,000 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