as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; appropriating money for water and sewer
extensions in Iron Junction; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
$1,000,000 is appropriated from the bond proceeds fund to the public facilities
authority for a grant to the city of Iron Junction to design and construct sewer and water
extensions in the city of Iron Junction.
To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$1,000,000 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.
Sections 1 and 2 are effective the day following final enactment.