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HF 1324

as introduced - 87th Legislature (2011 - 2012) Posted on 03/29/2011 09:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to capital investment; appropriating money for publicly owned
infrastructure in Braham; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginBRAHAM; PUBLIC INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $221,250 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Braham for capital improvements to publicly owned infrastructure, including
sewer and water line extension, and the construction of trails for pedestrian and bicycle
use, to support a new community center.
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 $221,250 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