HF 2884

as introduced - 92nd Legislature (2021 - 2022) Posted on 01/31/2022 12:21pm

A bill for an act
relating to capital investment; appropriating money for water system improvements
in the city of Swanville; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin SWANVILLE; WATER SYSTEM IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,052,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Swanville to design, construct,
engineer, and equip capital improvements to the city's drinking water system. This
appropriation includes money for a ground-level water storage tank and pumping pressure
system to replace the existing water tower; removal of the existing water tower; new wells;
water meter replacement; and water main extensions, looping, and replacement. This
appropriation is available after the commissioner of management and budget determines
that an amount sufficient to complete the project has been committed, as required by
Minnesota Statutes, section 16A.502.
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 $3,052,000 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