SF 3652

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing spending to acquire and better
public land and buildings and other public improvements of a capital nature;
authorizing the issuance of general obligation bonds; appropriating money for
Central Lakes Regional Sanitary District sewer system.

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

Section 1. APPROPRIATION; CENTRAL LAKES REGIONAL SANITARY
DISTRICT.

$2,000,000 is appropriated from the bond proceeds fund to the Public Facilities
Authority for a grant to the Central Lakes Region Sanitary Board to acquire and construct
a sanitary sewer system. This appropriation is contingent on the commissioner of finance
determining that at least an equal amount is committed to the project from nonstate sources.

Sec. 2. BOND SALE.

To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$2,000,000 in the manner, on 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.

Sec. 3. EFFECTIVE DATE.

Sections 1 and 2 are effective the day following final enactment.