HF 277

as introduced - 87th Legislature (2011 - 2012) Posted on 01/31/2011 10:23am

A bill for an act
relating to capital investment; appropriating money for a grant to the city of
South St. Paul to replace the floodwall pumping station; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin SOUTH ST. PAUL, FLOODWALL PUMPING STATION
REPLACEMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of South St. Paul for design and engineering of a new floodwall sewage pumping
station on the west shore of the Mississippi River south of marked Interstate Highway
494, to demolish the existing pumping station and construct and equip a new pumping
station, with necessary modifications to the interior drainage system of the area protected
by the floodwall and sewage pumping station. This appropriation is not available until
the commissioner determines that at least an equal amount is committed to the project
from nonstate sources.
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 $1,000,000 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