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SF 2625

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/01/2022 08:58am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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1.17

A bill for an act
relating to capital investment; appropriating money for replacement of water and
sewer infrastructure in the city of Morristown; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginMORRISTOWN; WATER AND SEWER INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Morristown for predesign, design,
and reconstruction of water mains, storm sewer collection systems, streets, and for other
drinking water system improvements necessary to increase water pressure and volume to
residential and commercial users and to reduce inflow and infiltration.
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 $1,500,000 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.
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