as introduced - 93rd Legislature (2023 - 2024) Posted on 02/13/2024 03:52pm
A bill for an act
relating to capital investment; appropriating money for capital improvements to
water and sewer infrastructure in the city of Floodwood; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,350,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Floodwood to design and construct
capital improvements to the city's water and sewer infrastructure along County Road 832
(Floodwood Road). This appropriation includes money for replacement and expansion of
water and sewer mains and associated street reconstruction to enhance business and
residential development.
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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 $1,350,000 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.
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This section is effective the day following final enactment.
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