as introduced - 88th Legislature (2013 - 2014) Posted on 03/27/2014 09:05am
A bill for an act
relating to capital investment; appropriating money for the Red Rock Rural
Water System; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$526,000 is appropriated from the bond proceeds
fund to the public facilities authority for a grant to the Red Rock Rural Water System to
acquire easements, design, permit, engineer, and construct pipeline, facilities, and other
infrastructure necessary for the extension of water service to Lake Shetek State Park and
to other residential and commercial users.
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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 $526,000 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.
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This section is effective the day following final enactment.
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