SF 2444

Introduction - 94th Legislature (2025 - 2026)

Posted on 05/20/2025 09:14 a.m.

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

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

Section 1. new text begin COHASSET; PUBLIC INFRASTRUCTURE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Cohasset to design, construct,
reconstruct, and equip the rehabilitation of the city's water tower; the extension of water,
sanitary sewer, and storm sewer infrastructure city wide; and associated street reconstruction.
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 $2,500,000 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