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SF 3249

as introduced - 91st Legislature (2019 - 2020) Posted on 02/18/2020 09:05am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for street and public
infrastructure work in Hanley Falls; authorizing the sale and issuance of state
bonds.

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

Section 1. new text beginHANLEY FALLS; PUBLIC UTILITIES AND STREET
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,200,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Hanley Falls to predesign, design,
construct, and install sanitary sewer, water main, and storm sewer infrastructure, and for
improvements to streets and other publicly owned infrastructure. This appropriation is not
available until the commissioner of management and budget determines that an amount
sufficient to complete the project has been committed 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 $7,200,000 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