SF 4076

as introduced - 90th Legislature (2017 - 2018) Posted on 05/11/2018 08:32am

A bill for an act
relating to capital investment; appropriating money for a water main in Arden
Hills; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ARDEN HILLS; WATER MAIN.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds fund
to the commissioner of the Public Facilities Authority for a grant to the city of Arden Hills
to install a water main extending along marked Trunk Highway 96, from marked U.S.
Highway 10 to marked Interstate Highway 35W.
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 $500,000 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