HF 2797

as introduced - 92nd Legislature (2021 - 2022) Posted on 07/26/2022 05:04pm

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

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

Section 1. new text begin NEW AUBURN; SILVER LAKE; 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 (a) $25,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for the purposes of this section.
new text end

new text begin (b) $10,000,000 of this appropriation is for a grant to the city of New Auburn to predesign,
design, construct, and equip a new water treatment facility, system, and related infrastructure
necessary to provide clean drinking water for residents, as well as reconstruction, upgrades,
and expansion of the city's wastewater treatment ponds and associated infrastructure, and
the city's storm water collection system.
new text end

new text begin (c) $15,000,000 of this appropriation is for a grant to the city of Silver Lake to predesign,
design, construct, and equip a new water treatment facility, system, and related infrastructure
necessary to provide clean drinking water for residents, as well as reconstruction, upgrades,
and expansion of the city's wastewater treatment ponds and associated infrastructure, and
the city's storm water collection system. This appropriation includes money for replacement
of an obsolete water tower with a new standpipe storage unit and pump station.
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 $25,000,000 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