SF 471

as introduced - 90th Legislature (2017 - 2018) Posted on 01/31/2017 09:18am

A bill for an act
relating to capital investment; appropriating money for a new water treatment
facility in the city of Breckenridge; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BRECKENRIDGE WATER TREATMENT FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,080,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Breckenridge to acquire land,
if necessary; to demolish the existing water treatment plant; and to predesign, design,
construct, furnish, and equip a new water treatment plant. This appropriation is not available
until the commissioner of management and budget determines that an amount sufficient to
complete the project has been committed to the project from nonstate sources.
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 $13,080,000 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