as introduced - 87th Legislature (2011 - 2012) Posted on 03/07/2011 09:33am
Engrossments | ||
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Introduction | Posted on 03/07/2011 |
A bill for an act
relating to capital investment; appropriating money for water and wastewater
system improvements in the city of Hoyt Lakes; authorizing the sale and issuance
of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$300,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Hoyt Lakes to make capital improvements to the city's water treatment plant and
wastewater treatment plant. This appropriation is not available until at least an equal
amount is committed to the projects from nonstate sources.
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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 $300,000 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.
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This section is effective the day following final enactment.
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