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SF 3584

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2022 09:38am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for clean water infrastructure
in the city of Mound; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginCLEAN WATER; MOUND.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $24,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority to predesign, design, engineer, construct, furnish,
and equip a new clean water well, decommission and seal wells No. 4 and No. 7, install a
new water main between water towers 3 and 8, and make capital improvements to the water
treatment facility in the city of Mound. This appropriation is available when the commissioner
of management and budget determines that an amount sufficient to complete the project is
committed to the project.
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 $24,000,000 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