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HF 3462

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/15/2022 10:57am

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 02/15/2022

Current Version - as introduced

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A bill for an act
 relating to capital investment; appropriating money for capital improvements for
water, sewer, and road infrastructure in the city of Virginia; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin VIRGINIA; WATER, SEWER, AND ROAD INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Virginia to predesign, design, construct, furnish, and equip the reconstruction of 6th
Avenue West, 10th Avenue West, 14th Avenue West, 13th Street South, 17th Street South,
20th Street South, and Chestnut Street traffic signals and the completion of Southern Drive
in the city of Virginia. This project includes installation of water mains and sanitary sewer
lines, storm sewer system upgrades, and street construction and replacements, including
curbs, gutters, street crossways, necessary sidewalk replacement, and drain tiling. 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 $10,000,000 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.
 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