as introduced - 87th Legislature (2011 - 2012) Posted on 06/07/2012 11:25am
A bill for an act
relating to capital investment; appropriating money for the wastewater
infrastructure funding program; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$20,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for grants to eligible municipalities under the
wastewater infrastructure funding program under Minnesota Statutes, section 446A.072.
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To provide the money appropriated in subdivision 1 from
the bond proceeds fund, the commissioner of management and budget shall sell and
issue bonds of the state in an amount up to $20,000,000 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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