HF 4636

as introduced - 91st Legislature (2019 - 2020) Posted on 05/05/2020 08:23pm

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

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

Section 1. new text begin WALDORF; INFRASTRUCTURE IMPROVEMENTS;
APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $857,500 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Waldorf to complete the
construction of water, wastewater, street, and storm sewer improvements. This appropriation
does not require a nonstate match.
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 $837,500 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