HF 2934

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/16/2023 02:36pm

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

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

Section 1. new text begin NEWPORT; WATER AND SEWER INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,162,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the city of Newport to acquire right-of-way
for and to predesign, design, and construct the removal, replacement, and installation of
water, sanitary sewer, and storm sewer system infrastructure, and reconstruction of affected
streets in the project area. For the purposes of this section, "project area" means 3rd Avenue
between 14th Street and 12th Street, 2nd Avenue between 15th Street and 11th Street, Cedar
Lane between 15th Street and 2nd Avenue, and 12th Avenue west of 4th Avenue in the city
of Newport.
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 $5,162,000 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