SF 2469

as introduced - 88th Legislature (2013 - 2014) Posted on 03/11/2014 09:40am

A bill for an act
relating to capital investment; appropriating money for a new water main in
Rice Lake Township, St. Louis County; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin RICE LAKE TOWNSHIP; PUBLIC INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,168,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to Rice Lake Township in St. Louis
County to design and construct a replacement water main and install new fire hydrants
on East Calvary Road and Kolstad, Austin, Milwaukee, Mather, and Chicago Avenues
in Rice Lake Township. 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 $1,168,000 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