SF 1183

as introduced - 89th Legislature (2015 - 2016) Posted on 03/24/2016 09:42am

A bill for an act
relating to capital investment; appropriating money for a combined heat and
power system for the Western Lake Superior Sanitary District; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin WESTERN LAKE SUPERIOR SANITARY DISTRICT COMBINED
HEAT AND POWER SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,500,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the Sanitary Board of the Western
Lake Superior Sanitary District to design, construct, furnish, and equip a combined heat
and power system to capture process heat and generate electricity for use at the Western
Lake Superior Sanitary District wastewater treatment facilities. This appropriation is not
available until the commissioner determines that at least an equal amount is committed
to the project from nonstate sources, provided that, for purposes of this matching
requirement, loans obtained from the Public Facilities Authority shall be a nonstate source.
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 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 $13,500,000 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