SF 3676

as introduced - 90th Legislature (2017 - 2018) Posted on 03/22/2018 09:53am

A bill for an act
relating to capital investment; appropriating money for the Duluth Steam Plant;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin DULUTH STEAM PLANT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin Notwithstanding the requirements of Minnesota Statutes,
section 116C.779, subdivision 1, paragraph (j), $7,000,000 in fiscal 2019 is appropriated
from the renewable development account in the special revenue fund to the commissioner
of employment and economic development for a grant to the city of Duluth for the same
purposes as in Laws 2017, First Special Session chapter 8, article 1, section 20, subdivision
7, the Duluth municipal district heating facility and systems upgrade. This appropriation is
available until expended.
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 $7,000,000 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