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SF 2668

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2018 08:37am

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

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Current Version - as introduced

A bill for an act
relating to capital investment; appropriating money for clean water; authorizing
the sale and issuance of state bonds.

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

Section 1. CLEAN WATER APPROPRIATIONS.

Subdivision 1.

Total appropriation.

$167,000,000 is appropriated from the bond
proceeds fund to the Public Facilities Authority for the purposes of this section.

Subd. 2.

State match for federal grants.

$25,000,000 of this appropriation is to match
federal grants for the clean water revolving fund under Minnesota Statutes, section 446A.07,
and the drinking water revolving fund under Minnesota Statutes, section 446A.081. This
appropriation must be used for qualified capital projects.

Subd. 3.

Water infrastructure funding program.

(a) $80,000,000 of this appropriation
is for grants to eligible municipalities under the water infrastructure funding program under
Minnesota Statutes, section 446A.072.

(b) $55,000,000 is for wastewater projects listed on the Pollution Control Agency's
project priority list in the fundable range under the clean water revolving fund program.

(c) $25,000,000 is for drinking water projects listed on the Department of Health's project
priority list in the fundable range under the drinking water revolving fund program.

(d) After all eligible projects under paragraph (b) or (c) have been funded, the Public
Facilities Authority may transfer any remaining, uncommitted money to eligible projects
under a program defined in paragraph (b) or (c) based on that program's project priority list.

Subd. 4.

Point source implementation grants program.

$62,000,000 of this
appropriation is for grants to eligible municipalities under the point source implementation
grants program under Minnesota Statutes, section 446A.073. This appropriation must be
used for qualified capital projects.

Subd. 5.

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 $167,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.

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