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HF 224

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for the wastewater 
  1.4             infrastructure program. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [WASTEWATER INFRASTRUCTURE FUNDING.] 
  1.7      $50,000,000 is appropriated from the bond proceeds fund to 
  1.8   the public facilities authority for grants to eligible 
  1.9   municipalities under the wastewater infrastructure program 
  1.10  established in Minnesota Statutes, section 446A.072. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in this act from the bond 
  1.13  proceeds fund, the commissioner of finance shall sell and issue 
  1.14  bonds of the state in an amount up to $50,000,000 in the manner, 
  1.15  upon the terms, and with the effect prescribed in Minnesota 
  1.16  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.17  Constitution, article XI, sections 4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     This act is effective the day following final enactment.