HF 3055

Introduction - 93rd Legislature (2023 - 2024)

Posted on 03/22/2023 08:14 a.m.

A bill for an act
relating to capital investment; appropriating money for a commodities storage and
handling facility in the city of Orono; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin ORONO; COMMODITIES STORAGE AND HANDLING FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $650,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Orono to design, construct, and equip a commodities storage and handling facility to store
bulk materials used to maintain public infrastructure in the cities of Orono, Spring Park,
and Minnetonka Beach and the Orono School District.
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 $650,000 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