as introduced - 90th Legislature (2017 - 2018) Posted on 01/10/2017 08:51am
A bill for an act
relating to capital investment; appropriating money for water and drainage
infrastructure in the city of New Trier; authorizing the sale and issuance of state
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$300,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
New Trier to replace water infrastructure under Hogan Avenue, including related road
reconstruction, and to acquire land for predesign, design, and construction of a storm water
pond that will be colocated with the pond of the new subdivision. This appropriation does
not require a nonstate contribution.
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To provide the money appropriated in subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $300,000 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.
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This section is effective the day following final enactment.
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