SF 1812

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/09/2021 08:48am

A bill for an act
relating to capital investment; appropriating money for street and utility
reconstruction in the city of Sherburn; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin STREET AND UTILITY RECONSTRUCTION; SHERBURN.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,030,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Sherburn to acquire property or
easements, predesign, design, construct, and equip the reconstruction of the city streets of
Osborne Street, between West 1st Street and West 5th Street and one block to the west and
east of Osborne Street on West 2nd Street, West 3rd Street, and West 4th Street, and the
storm water and sanitary sewer systems along those streets. 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 $3,030,000 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