SF 524

Introduction - 94th Legislature (2025 - 2026)

Posted on 01/29/2025 09:46 a.m.

A bill for an act
relating to capital investment; appropriating money for a new drinking water system
to serve the East Range Water System and its member communities; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin EAST RANGE WATER SYSTEM; DRINKING WATER SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the East Range Water Board to acquire
property for and to construct, furnish, and equip a new drinking water system to serve the
East Range Water System and its member communities.
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 $5,000,000 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