as introduced - 90th Legislature (2017 - 2018) Posted on 02/21/2018 08:48am
A bill for an act
relating to capital investment; appropriating money for water main replacement
in Rice Lake; authorizing the sale and issuance of state bonds; amending Laws
2014, chapter 294, article 1, section 22, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Laws 2014, chapter 294, article 1, section 22, subdivision 5, is amended to
read:
Subd. 5.new text begin City of new text end Rice Lake deleted text begin Townshipdeleted text end - Water
|
1,168,000 |
For a grant to new text begin the city of new text end Rice Lake deleted text begin Township
in St. Louis Countydeleted text end to design and construct a
replacement water main and related public
infrastructure on East Calvary Road and
Kolstad, Austin, Milwaukee, Mather, and
Chicago Avenues in new text begin the city of new text end Rice Lake
deleted text begin Townshipdeleted text end . This appropriation is not available
until the commissioner of management and
budget determines that at least an equal
amount is committed to the project from
nonstate sources.new text begin This appropriation is
available until June 30, 2020.
new text end
new text begin
$359,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Rice Lake to design, engineer, construct, and equip new water mains on East Calvary Road,
and Kolstad, Austin, Milwaukee, Mather, and Chicago Avenues in Rice Lake to replace
existing deteriorated water mains. This appropriation is available when the commissioner
of management and budget determines that sufficient resources have been committed to
complete the project, as required by Minnesota Statutes, section 16A.502.
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 $359,000 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
This section is effective the day following final enactment.
new text end