HF 2953

Introduction - 94th Legislature (2025 - 2026)

Posted on 04/01/2025 11:24 a.m.

A bill for an act
relating to capital investment; appropriating money for water main improvements
in the city of Shorewood; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin SHOREWOOD; WATER MAIN IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $750,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Shorewood for acquisition of
property and easements, design, construction, and equipping of water main infrastructure
along Mill Street in the city of Shorewood.
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 $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