HF 1240

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/18/2021 03:27pm

A bill for an act
relating to capital investment; appropriating money for replacement of pipeline
infrastructure in the city of Randall; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin RANDALL; PIPELINE INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,550,000 is appropriated from the bond proceeds fund
to the public facilities authority for a grant to the city of Randall to design, engineer,
construct, and equip the replacement of wastewater, storm sewer, and clean drinking water
infrastructure and other associated improvements to publicly owned infrastructure.
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 $1,550,000 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