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HF 4051

as introduced - 91st Legislature (2019 - 2020) Posted on 03/04/2020 03:31pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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1.17

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

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

Section 1. new text begin CITY OF CURRIE; WATER AND SEWER IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $625,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Currie to engineer, construct, and
equip the extension and replacement of sanitary sewer, the replacement of water mains, and
other improvements to publicly owned water and sewer infrastructure. This appropriation
is not available until the commissioner of management and budget has determined that at
least $10,000 is committed to the project 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 $625,000 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