SF 326

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money to the 
  1.4             city of Bayport to complete a sewer system project. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $1,550,000 is appropriated from the bond proceeds fund to 
  1.8   the city of Bayport for the Middle St. Croix River Watershed 
  1.9   Management Organization to complete the sewer system extending 
  1.10  from Minnesota department of natural resources pond 82-310P (the 
  1.11  prison pond) in Bayport through the Stillwater prison grounds to 
  1.12  the St. Croix River. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in this act from the bond 
  1.15  proceeds fund, the commissioner of finance shall sell and issue 
  1.16  bonds of the state in an amount up to $1,550,000 in the manner, 
  1.17  upon the terms, and with the effect prescribed by Minnesota 
  1.18  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.19  Constitution, article XI, sections 4 to 7. 
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day following final 
  1.22  enactment.