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SF 3529

as introduced - 91st Legislature (2019 - 2020) Posted on 02/25/2020 08:43am

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, clean water,
and storm water infrastructure in Vernon Center; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginWATER INFRASTRUCTURE IMPROVEMENTS; VERNON CENTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,158,000 is appropriated from the bond proceeds fund
to the Public Facilities Commission for a grant to the city of Vernon Center to predesign,
design, construct, furnish, and equip water infrastructure improvements, including
refurbishing a water tower, and replacement of wastewater collection and water distribution
systems. 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 Appropriation. new text end

new text begin $3,843,000 is appropriated from the bond proceeds fund to
the commissioner of employment and economic development for a grant to the city of
Vernon Center to predesign, design, construct, furnish, and equip storm sewer system
improvements and related local road improvements. 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. 3. 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 $6,001,000 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