SF 2173

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:35pm

A bill for an act
relating to capital investment; authorizing the sale and issuance of state bonds;
appropriating money for construction of sanitary sewer overflow storage
facilities in Duluth.

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

Section 1. new text begin DULUTH SANITARY DISTRICT SANITARY SEWER OVERFLOW
FACILITIES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,500,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for grants to the city of Duluth to predesign, design,
construct, and equip sanitary sewer overflow storage facilities and associated pumping
facilities at selected locations in the city of Duluth. This appropriation is not available
until the commissioner of management and budget has determined that at least an equal
amount is secured or provided by the city.
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 subdivision 1 from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $8,500,000 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