HF 3754

as introduced - 91st Legislature (2019 - 2020) Posted on 02/24/2020 02:40pm

A bill for an act
relating to capital investment; appropriating money for capital improvements of
roads and public utilities in the city of Wood Lake; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin WOOD LAKE; ROAD AND UTILITY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,800,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Wood Lake to design and
construct storm sewer and drainage improvements and for design and reconstruction of city
streets and portions of County State-Aid Highways 6 and 48 in the city limits. This
appropriation is not available until the commissioner of management and budget determines
that an amount sufficient to complete the project has been 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 $2,800,000 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