SF 3305

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 02:33pm

A bill for an act
relating to capital investment; appropriating money for public utilities improvements
in South St. Paul; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin SOUTH ST. PAUL; CONCORD STREET PUBLIC UTILITIES.
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 Public Facilities Authority for a grant to the city of South St. Paul to predesign, design,
construct, and install sanitary sewer, water main, storm sewer improvements, street lighting,
and off-street public parking limited to no more than 50 spaces, including removal and
replacement of infrastructure, in the Concord Street corridor in conjunction with the
reconstruction and renovation of the street. This appropriation does not require a nonstate
contribution.
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 $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