HF 3185

as introduced - 90th Legislature (2017 - 2018) Posted on 03/01/2018 03:16pm

A bill for an act
relating to capital investment; appropriating money for water main replacement
in Rice Lake; authorizing the sale and issuance of state bonds; amending Laws
2014, chapter 294, article 1, section 22, subdivision 5.

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

Section 1.

Laws 2014, chapter 294, article 1, section 22, subdivision 5, is amended to
read:

Subd. 5. new text begin City of new text end Rice Lake deleted text begin Township deleted text end - Water Main Replacement

1,168,000

For a grant to new text begin the city of new text end Rice Lake deleted text begin Township
in St. Louis County deleted text end to design and construct a
replacement water main and related public
infrastructure on East Calvary Road and
Kolstad, Austin, Milwaukee, Mather, and
Chicago Avenues in new text begin the city of new text end Rice Lake
deleted text begin Township deleted text end . This appropriation is not available
until the commissioner of management and
budget determines that at least an equal
amount is committed to the project from
nonstate sources. new text begin This appropriation is
available until June 30, 2020.
new text end

Sec. 2. new text begin WATER MAIN REPLACEMENT, RICE LAKE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $359,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Rice Lake to design, engineer, construct, and equip new water mains on East Calvary Road,
and Kolstad, Austin, Milwaukee, Mather, and Chicago Avenues in Rice Lake to replace
existing deteriorated water mains. This appropriation is available when the commissioner
of management and budget determines that sufficient resources have been committed to
complete the project, 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 $359,000 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