HF 634

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/19/2023 02:55pm

A bill for an act
relating to capital investment; appropriating money for the Lincoln-Pipestone
Rural Water System; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin LINCOLN-PIPESTONE RURAL WATER SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,750,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the Lincoln-Pipestone Rural Water
System for water source development in its service area. This appropriation includes money
for acquisition of land, design, construction, furnishing, and equipping new wells, a water
softening treatment plant (lime softening plant), and installation of new water distribution
pipes. This appropriation is in addition to the appropriation in Laws 2020, First Special
Session chapter 3, article 1, section 22, subdivision 17.
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 $15,750,000 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