SF 812

as introduced - 93rd Legislature (2023 - 2024) Posted on 06/12/2023 02:05pm

A bill for an act
relating to capital investment; appropriating money for drinking water infrastructure
in the city of Corcoran; authorizing the sale and issuance of state bonds.

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

Section 1. CORCORAN; DRINKING WATER INFRASTRUCTURE.

Subdivision 1.

Appropriation.

$10,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Corcoran to construct drinking
water improvements to serve the northeast area of the city. This appropriation includes
money for a well, a new water treatment facility, and a water storage facility.

Subd. 2.

Bond sale.

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 $10,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.