as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:55pm
Engrossments | ||
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Introduction | Posted on 01/13/2014 |
A bill for an act
relating to capital investment; appropriating money for the city of LaPrairie for
extension of public infrastructure; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,500,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of LaPrairie to predesign, design, engineer, and construct municipal water, sanitary sewer,
and storm sewer systems, and associated street reconstruction along LaPrairie Avenue
to the Glenwood Addition. This appropriation is not available until the commissioner
of management and budget determines that at least an equal amount is committed to
the project 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 $1,500,000 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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