SF 1044

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/11/2025 09:27 a.m.

A bill for an act
relating to capital investment; appropriating money to extend utilities to a housing
and economic development park in Aitkin; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin UTILITY EXTENSION; AITKIN.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,840,000 is appropriated to the commissioner of
employment and economic development for a grant to the city of Aitkin to predesign, design,
engineer, and extend public utilities including water and sanitary sewer services to Aitkin's
housing and economic development park, including the site for new public school facilities
for the Aitkin public schools.
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 $3,840,000 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