SF 2639

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 01:48pm

A bill for an act
relating to capital investment; appropriating money for drinking water infrastructure
for the area represented by the East Range Joint Powers Board; authorizing the
sale and issuance of state bonds.

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

Section 1. new text begin DRINKING WATER SYSTEM FOR THE AREA REPRESENTED BY
THE EAST RANGE JOINT POWERS BOARD.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the East Range Joint Powers Board to acquire
land or a permanent interest in land, design, engineer, construct, furnish, and equip a
comprehensive municipally owned cooperative joint drinking water system in the political
subdivisions that are part of the East Range Joint Powers Board. This appropriation is not
available until the commissioner of management and budget determines that an equal amount
has been committed to complete 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 $6,000,000 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