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HF 3534

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/24/2022 05:57pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for capital improvements to
the public water system in the city of Medicine Lake; authorizing the sale and
issuance of state bonds.

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

Section 1. new text beginMEDICINE LAKE; PUBLIC WATER SYSTEM IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Medicine Lake to predesign,
design, engineer, construct, furnish, and equip capital improvements to the Medicine Lake
public water system to meet Department of Health drinking water standards. This
appropriation includes construction and reconstruction of drinking water and wastewater
collection systems, associated street improvements, and improvements for hydrant fire
safety and suppression. This appropriation is exempt from the requirements under Minnesota
Statutes, section 16A.86, subdivision 4.
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 $3,000,000 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