SF 2128

as introduced - 89th Legislature (2015 - 2016) Posted on 04/29/2015 08:28am

A bill for an act
relating to capital investment; appropriating money for public infrastructure in
Thief River Falls; authorizing the issuance of state bonds.

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

Section 1. new text begin PUBLIC INFRASTRUCTURE; THIEF RIVER FALLS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $627,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Thief River Falls to acquire land, predesign, design, construct, furnish, and equip
public infrastructure along First Street west of Westview Avenue. This appropriation is
for construction of a street and for water, sanitary sewer, and electrical improvements
along the street. This appropriation is not available until at least one-third of the project
cost is committed from nonstate sources.
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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $627,000 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