SF 1487

as introduced - 87th Legislature (2011 - 2012) Posted on 01/25/2012 08:42am

A bill for an act
relating to capital investment; appropriating money for a force main system for
wastewater for the city of Backus; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin BACKUS FORCE MAIN SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Backus to design and
construct a force main system to convey wastewater from the city of Backus to the Pine
River Area Sanitary District in Cass County.
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 $1,000,000 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.
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