SF 2823

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money for capital improvements in
New Brighton; authorizing a grant for capital costs of environmental remediation
and installation of a gas collection system; authorizing the issuance of state
bonds.

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

Section 1. new text begin APPROPRIATIONS; NEW BRIGHTON ENVIRONMENTAL
REMEDIATION AND GAS COLLECTION SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of New Brighton for capital costs of environmental remediation and installation of a
gas collection system on publicly owned land in the area described in Laws 1998, chapter
389, article 11, section 24, subdivision 1, commonly known as the northwest quadrant of
the city of New Brighton.
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 subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $6,000,000 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