SF 2500

Introduction - 86th Legislature (2009 - 2010)

Posted on 02/09/2010 11:36 p.m.

A bill for an act
relating to capital improvements; appropriating money for a water recycling
treatment plant in the city of Ramsey; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $2,620,000 is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for a grant to the city of Ramsey to design,
construct, furnish, and equip a water recycling treatment plant.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$2,620,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end