as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:23am
A bill for an act
relating to capital improvements; appropriating money for water and sewer
infrastructure improvements in the city of Eveleth; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$430,000 is appropriated from the bond proceeds fund to the city of Eveleth for
water and sewer infrastructure improvements in the Grant/Park Avenue Corridor. This
appropriation is not available until the commissioner of finance has determined that at
least an equal amount has been committed to the project from nonstate sources.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$430,000 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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Sections 1 and 2 are effective the day following final enactment.
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