HF 3712

as introduced - 91st Legislature (2019 - 2020) Posted on 02/24/2020 02:47pm

A bill for an act
relating to capital investment; appropriating money for the Byllesby Dam;
authorizing the sale and issuance of bonds.

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

Section 1. new text begin BYLLESBY DAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,000,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to Dakota County under Minnesota
Statutes, sections 103G.511 and 103G.515, to design and construct capital improvements
to the hydroelectric generating facility, including replacement of obsolete turbines, at the
Byllesby Dam, located on the Cannon River.
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 $9,000,000 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