HF 1979

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/08/2021 02:22pm

A bill for an act
relating to capital investment; appropriating money for water and electrical
infrastructure improvements at Giants Ridge; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin GIANTS RIDGE; WATER AND ELECTRICAL INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,078,300 is appropriated from the bond proceeds fund
to the commissioner of Iron Range resources and rehabilitation to design, construct, and
install water and electrical infrastructure, including equipment, that will replace or upgrade
aging water lines and electrical systems to enhance the provision of water for ski operations
at Giants Ridge.
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 $9,078,300 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