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:
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$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.
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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.
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Sections 1 and 2 are effective the day following final enactment.
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