HF 190

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for water
and sewer infrastructure components for Minnesota
Steel Industries.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $5,270,000 is appropriated from the bond proceeds fund to
the commissioner of employment and economic development for the
public facilities authority to make a grant to the city of
Nashwauk for water and sewer components serving the Minnesota
Steel Industries (MSI) facility, the 640-acre industrial park to
the north of MSI, and the city of Nashwauk Industrial Park to
the north and east of marked trunk highway No. 65.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $5,270,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end