HF 4236

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/26/2024 02:20pm

A bill for an act
relating to capital investment; appropriating money for municipal infrastructure
improvements in the city of Spring Park; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin SPRING PARK; MUNICIPAL INFRASTRUCTURE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,078,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Spring Park to design, engineer,
construct, and equip improvements and betterments of a capital nature to municipal
infrastructure along Sunset Drive in the city of Spring Park from Shoreline Drive to
Shadywood Road. This appropriation includes money for improvement or replacement of
water and sewer infrastructure, street reconstruction, utility work, and the construction of
a multiuse trail.
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 $3,078,000 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