SF 3540

as introduced - 94th Legislature (2025 - 2026) Posted on 05/20/2025 09:18am

A bill for an act
relating to capital investment; appropriating money for water, sewer, and utility
improvements in the city of Hermantown; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin HERMANTOWN; WATER, SEWER, AND UTILITY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Hermantown to predesign,
design, construct, and equip the rehabilitation and replacement of aging and failing
infrastructure. This appropriation includes money for improvements to and replacement of
drinking water, sanitary sewer, storm sewer, and utility infrastructure in the southwest corner
of the city of Hermantown.
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 $10,000,000 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