SF 571

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 10:06am

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

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

Section 1. new text begin AUSTIN; WASTEWATER TREATMENT FACILITY IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Austin to construct and equip
improvements for upgrades to the city's wastewater treatment facility. This appropriation
includes money for renovation, repairs, and replacement of infrastructure, equipment, and
other components of the facility's wastewater treatment systems including site improvements
to buildings and other structures as well as the costs of demolition associated with the
project. 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 $13,000,000 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