SF 24

as introduced - 94th Legislature, 2025 1st Special Session (2025 - 2025) Posted on 06/10/2025 09:47am

A bill for an act
relating to capital investment; appropriating money for property acquisition for
the city of Lakeville; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin PROPERTY FOR WATER TREATMENT AND FIRE STATION;
LAKEVILLE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,400,000 from the bond proceeds account is
appropriated to the commissioner of employment and economic development for a grant
to the city of Lakeville to acquire property in the city of Lakeville to be used for drinking
water treatment and a fire station.
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 $5,400,000 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