as introduced - 88th Legislature (2013 - 2014) Posted on 04/01/2014 10:37am
A bill for an act
relating to capital investment; appropriating money for a grant to Grove City for
wastewater infrastructure improvements; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$....... is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to
Grove City to acquire land, predesign, design, construct, furnish, and equip wastewater
infrastructure improvements. This appropriation is not available until the commissioner
of management and budget determines that at least an equal amount is committed to
the project from nonstate sources.
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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 $....... 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.
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This section is effective the day following final enactment.
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