HF 49

Introduction - 90th Legislature (2017 - 2018)

Posted on 01/13/2017 09:57 a.m.

A bill for an act
relating to capital investment; appropriating money for water and drainage
infrastructure in the city of New Trier; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin NEW TRIER INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $300,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
New Trier to replace water infrastructure under Hogan Avenue, including related road
reconstruction, and to acquire land for predesign, design, and construction of a storm water
pond that will be colocated with the pond of the new subdivision. This appropriation does
not require a nonstate contribution.
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 subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $300,000 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