HF 3550

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing spending to acquire and better
public land and buildings and other public improvements of a capital nature;
authorizing the issuance of general obligation bonds; appropriating money for
the city of Farmington sewer and water infrastructure.

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

Section 1. new text begin APPROPRIATION; CITY OF FARMINGTON SEWER AND WATER
INFRASTRUCTURE.
new text end

new text begin $850,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Farmington for a new
water main and sewer line to serve the proposed new Farmington high school. This
appropriation is contingent upon the city of Farmington and the Farmington school district
reaching a general agreement on the new high school by July 15, 2006. Each dollar of
state money appropriated is available as the commissioner of finance determines that at
least $2 of nonstate money is committed to the project, subject to Minnesota Statutes,
section 16A.502.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to $850,000
in the manner, on 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end