SF 3740

as introduced - 90th Legislature (2017 - 2018) Posted on 03/23/2018 09:16am

A bill for an act
relating to capital investment; appropriating money to the city of Foley for
regionalization of wastewater treatment; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin FOLEY; WASTEWATER TREATMENT REGIONALIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,900,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Foley to design, construct, and
equip wastewater treatment infrastructure necessary for regionalization of municipal
wastewater treatment with the city of St. Cloud. 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 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 $8,900,000 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