as introduced - 89th Legislature (2015 - 2016) Posted on 04/23/2015 09:00am
A bill for an act
relating to capital investment; appropriating money for replacement of the Lake
Titlow Dam; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$500,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant under Minnesota Statutes, sections
103G.511 to 103G.515, to the city of Gaylord for replacement of the Lake Titlow Dam.
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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 $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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