SF 2438

as introduced - 89th Legislature (2015 - 2016) Posted on 03/11/2016 08:45am

A bill for an act
relating to capital investment; appropriating money for a new water treatment
facility in the city of Breckenridge; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin BRECKENRIDGE WATER TREATMENT FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,080,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Breckenridge to acquire
land, if necessary; to demolish the existing water treatment plant; and to predesign, design,
construct, furnish, and equip a new water treatment plant. This appropriation is not
available until the commissioner of management and budget determines that an amount
sufficient to complete the project has been 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 $13,080,000 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