SF 178

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 02:20pm

A bill for an act
relating to capital investment; appropriating money for the Red Rock Rural Water
System to provide expanded water service to the region; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin RED ROCK RURAL WATER SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,750,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the Red Rock Rural Water System to design,
construct, furnish, and equip a new water treatment plant, a new water tower, and installation
of approximately 110 miles of ten-inch through two-inch water main, and other improvements
to infrastructure required for an expansion of the Red Rock Rural Water System, to be built
and located in Murray and Cottonwood Counties. This appropriation is available when the
commissioner of management and budget determines that sufficient resources have been
committed to complete the project, as required by Minnesota Statutes, section 16A.502.
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 $5,750,000 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