SF 2570

as introduced - 92nd Legislature (2021 - 2022) Posted on 06/08/2021 12:09pm

A bill for an act
relating to capital investment; appropriating money for a new water treatment plant
in the city of Minnetonka Beach; authorizing the sale and issuance of state bonds.

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

Section 1. MINNETONKA BEACH; WATER TREATMENT PLANT.

Subdivision 1.

Appropriation.

$4,500,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Minnetonka Beach for site
preparation, including demolition of the existing water treatment plant, and to predesign,
design, engineer, construct, and equip a new water treatment plant. This appropriation is
available after the commissioner of management and budget determines that an amount
sufficient to complete the project has been committed to the project, as required by Minnesota
Statutes, section 16A.502. Amounts spent by the city of Minnetonka Beach to replace water
mains and a water tower count toward the local match for this project.

Subd. 2.

Bond sale.

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 $4,500,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.