HF 2262

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/27/2023 03:06pm

A bill for an act
relating to capital investment; appropriating money for a water treatment plant
and accompanying water utility infrastructure in the city of Lino Lakes; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin LINO LAKES; WATER TREATMENT PLANT AND ACCOMPANYING
WATER UTILITY INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,500,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Lino Lakes to design, engineer,
construct, furnish, and equip a water treatment facility, including accompanying water utility
infrastructure. This appropriation is available after the commissioner of management and
budget determines that an amount sufficient to complete the project has been committed to
the project as required by Minnesota Statutes, section 16A.502.
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 $13,500,000 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