Minnesota SF 304: Lincoln-Pipestone Rural Water System bond issue and appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to capital investment; appropriating money for the Lincoln-Pipestone​
1.3 Rural Water System; authorizing the sale and issuance of state bonds.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. LINCOLN-PIPESTONE RURAL WATER SYSTEM.​
1.6 Subdivision 1.Appropriation.$15,750,000 is appropriated from the bond proceeds​
1.7 fund to the Public Facilities Authority for a grant to the Lincoln-Pipestone Rural Water​
1.8 System for water source development in its service area. This appropriation includes money​
1.9 for acquisition of land, design, construction, furnishing, and equipping new wells, a water​
1.10 softening treatment plant (lime softening plant), and installation of new water distribution​
1.11 pipes. This appropriation is in addition to the appropriation in Laws 2020, First Special​
1.12 Session chapter 3, article 1, section 22, subdivision 17.​
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.14 proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.15 the state in an amount up to $15,750,000 in the manner, upon the terms, and with the effect​
1.16 prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.17 Constitution, article XI, sections 4 to 7.​
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
23-01752 as introduced​01/05/23 REVISOR JSK/KA​
SENATE​
STATE OF MINNESOTA​
S.F. No. 304​NINETY-THIRD SESSION​
(SENATE AUTHORS: DAHMS and Weber)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​195​01/17/2023​
Referred to Capital Investment​