SF 3284

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/20/2023 08:50am

A bill for an act
relating to capital investment; appropriating money to line a drainage pipe through
the Prior Lake Outlet Channel; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin PRIOR LAKE OUTLET CHANNEL; PRIOR LAKE SPRING LAKE
WATERSHED DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for the Prior Lake Spring Lake Watershed District to reline
approximately 2,400 feet of an underground pipe that is part of the Prior Lake Outlet Channel.
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 $2,000,000 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