SF 2557

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for wastewater treatment
infrastructure in Lake Township; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin (a) $5,955,000 is appropriated from the bond proceeds fund to the Public Facilities
Authority for grants and loans to Lake Township in Roseau County for the purposes
provided in this section.
new text end

new text begin (b) Of this appropriation, $4,000,000 is for a grant to design, construct, furnish, and
equip wastewater treatment plants at three sites.
new text end

new text begin (c) Of this appropriation, $1,955,000 is for a loan from the Water Pollution Control
Revolving Fund established under Minnesota Statutes, section 446A.07, to design,
construct, furnish, and equip wastewater treatment plants at three sites.
new text end

new text begin (d) Of the combined grant and loan amounts in paragraphs (b) and (c), $2,820,000 is
for the wastewater treatment system at Northern Lights Mobile Home Park and Warroad
Estates, $1,524,000 is for the wastewater treatment system at Springsteel Island, and
$1,611,000 is for the wastewater treatment system at Lakewood Mobile Home Park. The
Public Facilities Authority shall have discretion to allocate grant and loan amounts among
these three projects consistent with this provision.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,955,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end