as introduced - 92nd Legislature (2021 - 2022) Posted on 05/12/2022 03:40pm
Engrossments | ||
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Introduction | Posted on 05/12/2022 |
A bill for an act
relating to capital investment; appropriating money for wastewater treatment
facility improvements to the city of Albert Lea; authorizing the sale and issuance
of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,900,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Albert Lea to design, construct,
and equip renovations for the preliminary treatment building and septage and wastewater
receiving station at the city's wastewater treatment facility. This appropriation includes
money for renovation, repairs, and replacement of components of the facility's wastewater
treatment systems; site improvements to buildings and other structures; and demolition
associated with this phase of the project. This appropriation is available when the
commissioner of management and budget determines that sufficient resources have been
committed to complete the project, as required by Minnesota Statutes, section 16A.502.
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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 $4,900,000 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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