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SF 724

as introduced - 90th Legislature (2017 - 2018) Posted on 02/07/2017 09:07am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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1.18

A bill for an act
relating to capital investment; appropriating money for public infrastructure in
Thief River Falls; authorizing the issuance of state bonds.

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

Section 1. new text begin PUBLIC INFRASTRUCTURE; THIEF RIVER FALLS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $627,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Thief River Falls to acquire land, predesign, design, construct, furnish, and equip public
infrastructure along First Street west of Westview Avenue. This appropriation is for
construction of a street and for water, sanitary sewer, and electrical improvements along
the street. This appropriation is not available until at least one-third of the project cost is
committed from nonstate sources.
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 act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $627,000 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