SF 2465

as introduced - 88th Legislature (2013 - 2014) Posted on 03/11/2014 09:39am

A bill for an act
relating to capital investment; appropriating money for a lift station and water
main in Pine City; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin PINE CITY; LIFT STATION REPLACEMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $700,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Pine City to predesign,
design, construct, and equip a new lift station and water main to cross the Snake River. This
appropriation is not available until the commissioner of management and budget determines
that at least an equal amount has been committed to the project 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 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 $700,000 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