SF 1933

as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2017 08:17am

A bill for an act
relating to capital investment; appropriating money for a wastewater treatment
facility for Clear Lake and Clearwater; authorizing the issuance of state bonds.

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

Section 1. new text begin WASTEWATER TREATMENT FACILITY; CLEAR LAKE AND
CLEARWATER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,200,000 is appropriated from the bond proceeds fund
to the Public Facilities Authority for a grant to the Clear Lake-Clearwater Sewer Authority
to remove and replace the existing wastewater treatment facility. This project is intended
to prevent the discharge of phosphorus into the Mississippi River. This appropriation is not
available until the commissioner of management and budget determines that at least $200,000
is committed to the project from nonstate sources and the authority has applied for at least
two grants to offset the cost. Any money received by the authority from grants will be
returned to the general fund.
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 $1,200,000 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