HF 2631

as introduced - 90th Legislature (2017 - 2018) Posted on 05/01/2017 10:43am

A bill for an act
relating to capital investment; appropriating money for public infrastructure in
Milaca; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MILACA PUBLIC INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,750,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Milaca to acquire land as necessary
for and to predesign, design, and construct public infrastructure to expand the city service
area to: include an area that would allow Independent School District No. 912, Milaca, to
expand to meet its program needs, protect the city's drinking water from additional wells
or individual treatment systems, allow for interconnection with the city of Foreston, serve
a facility to house the cooperative that serves four districts and their special needs students,
and provide service to areas of the city that presently are not served by public water service
in order to facilitate economic development.
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 $1,750,000 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