HF 338

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money
for the Public Facilities Authority; authorizing state
bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Amount. new text end

new text begin $24,580,000 is appropriated from
the bond proceeds fund to the Public Facilities Authority for
the purposes described in subdivisions 2 and 3.
new text end

new text begin Subd. 2. new text end

new text begin State match for federal grants. new text end

new text begin (a) $14,380,000
is to match federal grants to:
new text end

new text begin (1) the water pollution control revolving fund under
Minnesota Statutes, section 446A.07; and
new text end

new text begin (2) the drinking water revolving fund under Minnesota
Statutes, section 446A.081.
new text end

new text begin (b) The expenditure and allocation of state matching money
between funds described in paragraph (a), clauses (1) and (2),
must be based on the amount of federal money appropriated to the
funds.
new text end

new text begin (c) This appropriation must be used for qualified capital
projects.
new text end

new text begin Subd. 3. new text end

new text begin Wastewater infrastructure funding
program. new text end

new text begin $10,200,000 is for grants and loans to eligible
municipalities under the wastewater infrastructure program
established in Minnesota Statutes, section 446A.072.
new text end

new text begin To the greatest practical extent, the authority must use
the funds for projects on the 2005 project priority list in
priority order to qualified applicants that submit plans and
specifications to the Pollution Control Agency or receive a
funding commitment from USDA rural development before December
1, 2006.
new text end

new text begin $200,000 of this appropriation is to administer the
wastewater infrastructure program.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $24,580,000 in the manner,
upon the terms, and with the effect prescribed in Minnesota
Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end