HF 2051

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:55pm

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:

Section 1. new text begin LAPRAIRIE; INFRASTRUCTURE EXTENSION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $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.
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 $1,500,000 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.
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