as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the issuance of general obligation
bonds; appropriating money for Central Lakes Regional Sanitary District sewer
system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$12,000,000 is appropriated from the bond proceeds fund to the Public Facilities
Authority for a grant to the Central Lakes Region Sanitary Board to acquire and construct
a sanitary sewer system. This appropriation is contingent on the commissioner of finance
determining that at least an equal amount is committed to the project from nonstate sources.
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To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$12,000,000 in the manner, on 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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Sections 1 and 2 are effective the day following final enactment.
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