HF 4448

as introduced - 90th Legislature (2017 - 2018) Posted on 04/19/2018 03:42pm

A bill for an act
relating to capital investment; appropriating money for improvements to publicly
owned water, wastewater, and storm sewer infrastructure in Lakefield; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin LAKEFIELD; WATER, WASTEWATER, AND STORM SEWER
IMPROVEMENT PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin Up to $22,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a supplemental grant to the city of Lakefield for
the design, engineering, construction, and equipping of improvements necessary for
wastewater, water, street, and storm sewer upgrades in the city. This appropriation includes
money for mechanical wastewater treatment facility improvements, replacement of the
sanitary sewer system, replacement of the storm sewer system, connection to the Red Rock
Rural Water system, replacement of the water treatment and water distribution systems,
and other improvements to publicly owned infrastructure. For purposes of this section, if
the combined total of grants awarded to the city under any other state or federal grant
program are less than the total project cost of $22,000,000, the supplemental grant under
this section shall be sufficient so that the city receives grants equal to $22,000,000.
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 $22,000,000 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