SF 2946

as introduced - 90th Legislature (2017 - 2018) Posted on 03/06/2018 08:53am

A bill for an act
relating to capital investment; appropriating money for replacement of a water
main in Willernie; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin WILLERNIE; WATER MAIN REPLACEMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Willernie to design, engineer, and
construct installation of a water main in the city to replace the existing one. 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 $25,000 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