SF 2805

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2018 09:07am

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

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

Section 1. new text begin DRINKING WATER SYSTEM FOR AURORA; HOYT LAKES;
BIWABIK; AND WHITE TOWNSHIP.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,600,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Aurora to acquire land or a
permanent interest in land, design, engineer, construct, furnish, and equip a comprehensive
municipally owned cooperative joint drinking water system in the cities of Aurora, Hoyt
Lakes, and Biwabik, and White Township, including a water intake and treatment plant
located in White Township. 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 $8,600,000 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