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SF 2651

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/01/2022 04:31pm

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

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for wastewater treatment
facility improvements in the city of Albert Lea; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginALBERT LEA; WASTEWATER TREATMENT FACILITY
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $30,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Albert Lea for design,
demolition, construction, and equipment improvements to upgrade the city's wastewater
treatment facility. This appropriation includes money for design, renovation, repairs, and
replacement of infrastructure, equipment, and other components of the facility's wastewater
treatment systems including site improvements to buildings and other structures as well as
costs of demolition associated with the project. 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 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 $30,000,000 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