SF 2697

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing spending 
  1.3             to acquire and to better public land and buildings and 
  1.4             other public improvements of a capital nature; 
  1.5             providing for a grant to the city of Clara City for 
  1.6             water quality improvement; authorizing issuance of 
  1.7             bonds; appropriating money. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  [APPROPRIATION.] 
  1.10     $2,200,000 is appropriated from the bond proceeds fund to 
  1.11  the public facilities authority for a grant to the city of Clara 
  1.12  City to construct and upgrade capital improvements necessary to 
  1.13  meet mandatory water quality standards and provide adequate 
  1.14  water to the city, subject to the requirements of Minnesota 
  1.15  Statutes, section 16A.695. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated in section 1 from the 
  1.18  bond proceeds fund, the commissioner of finance, on request of 
  1.19  the governor, shall sell and issue bonds of the state in an 
  1.20  amount up to $2,200,000 in the manner, on the terms, and with 
  1.21  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.22  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.23  4 to 7. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     Sections 1 and 2 are effective the day following final 
  1.26  enactment.