as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for water
and sewer infrastructure components for Minnesota
Steel Industries.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$5,270,000 is appropriated from the bond proceeds fund to
the commissioner of employment and economic development for the
public facilities authority to make a grant to the city of
Nashwauk for water and sewer components serving the Minnesota
Steel Industries (MSI) facility, the 640-acre industrial park to
the north of MSI, and the city of Nashwauk Industrial Park to
the north and east of marked trunk highway No. 65.
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To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $5,270,000 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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Sections 1 and 2 are effective the day following final
enactment.
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