HF 2497

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

A bill for an act
relating to capital investment; authorizing the sale and issuance of state bonds;
appropriating money for construction of sanitary sewer overflow storage
facilities in Duluth.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin WESTERN LAKE SUPERIOR SANITARY DISTRICT SANITARY
SEWER OVERFLOW FACILITIES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,750,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for grants to the Western Lake Superior Sanitary
District to predesign, design, construct, and equip sanitary sewer overflow storage
facilities and associated pumping facilities at selected locations within the district. This
appropriation is not available until the commissioner of finance has determined that at
least an equal amount is secured or provided by the district.
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 subdivision 1 from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $2,750,000 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