as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 02:00pm
A bill for an act
relating to capital investment; appropriating money for wastewater system
improvements in the city of Floodwood; authorizing the sale and issuance of state
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,200,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Floodwood for predesign, design,
engineering, and construction and expansion of stabilization ponds. This appropriation does
not require a nonstate match.
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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 $1,200,000 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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