HF 3838

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for Owatonna infrastructure 
  1.4             improvements. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [OWATONNA INFRASTRUCTURE.] 
  1.7      Subdivision 1.  [APPROPRIATION.] $2,000,000 is appropriated 
  1.8   from the bond proceeds fund to the commissioner of trade and 
  1.9   economic development for a grant to the city of Owatonna for 
  1.10  city infrastructure improvements. 
  1.11     Subd. 2.  [BOND SALE.] To provide the money appropriated by 
  1.12  this section from the bond proceeds fund, the commissioner of 
  1.13  finance, on request of the governor, shall sell and issue bonds 
  1.14  of the state in an amount up to $2,000,000 in the manner, on the 
  1.15  terms, and with the effect prescribed by Minnesota Statutes, 
  1.16  sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
  1.17  article XI, sections 4 to 7. 
  1.18     Sec. 2.  [EFFECTIVE DATE.] 
  1.19     Section 1 is effective the day after its final enactment.