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SF 3526

as introduced - 91st Legislature (2019 - 2020) Posted on 02/25/2020 08:42am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital investment; appropriating money for wastewater treatment
facility improvements in the city of Austin; authorizing the sale and issuance of
state bonds.

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

Section 1. new text beginAUSTIN; WASTEWATER TREATMENT FACILITY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $19,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Austin to design, engineer,
construct, and equip improvements for upgrades to the city's wastewater treatment facility.
This appropriation includes money for renovation, repairs, and replacement of infrastructure,
equipment, and other components of the facility's wastewater treatment systems including
site improvements to buildings and other structures as well as the costs of demolition
associated with the project. This appropriation is not available until the commissioner of
management and budget determines that an amount necessary to complete the project,
estimated to be $59,000,000, has been committed from nonstate sources.
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 $19,000,000 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