Minnesota HF 505: Sacred Heart; wastewater infrastructure improvement funding provided, bonds issued, and money appropriated.

Bill Text

02/06/13 REVISOR JSK/SA 13-1555
A bill for an act1.1
relating to capital improvements; appropriating money for wastewater1.2
infrastructure improvements in Sacred Heart; authorizing the sale and issuance1.3
of state bonds.1.4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:1.5
Section 1. WATER, STORM, AND SEWER IMPROVEMENTS; SACRED1.6
HEART.1.7
Subdivision 1. Appropriation. $5,400,000 is appropriated from the bond proceeds1.8
fund to the commissioner of employment and economic development for a grant to the1.9
city of Sacred Heart to design, construct, and equip water, sewer, and storm utilities in1.10
the city of Sacred Heart. This appropriation may be used for demolition of deteriorating1.11
concrete curbs, gutters, sidewalks, and streets above the utilities, and construction to1.12
replace and rehabilitate the infrastructure. This appropriation is not available until the1.13
commissioner determines that at least an equal amount is committed to the project from1.14
nonstate sources, and that the city has secured sufficient funds to complete the project.1.15
Subd. 2. Bond sale. To provide the money appropriated in this act from the bond1.16
proceeds fund, the commissioner of management and budget shall sell and issue bonds of1.17
thestateinanamountupto$5,400,000,inthemanner,upontheterms,andwiththeeffect1.18
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota1.19
Constitution, article XI, sections 4 to 7.1.20
EFFECTIVE DATE. This section is effective the day following final enactment.1.21
Section 1. 1
This Document can be made available
in alternative formats upon request State of Minnesota
HOUSE OF REPRESENTATIVES
H. F. No. 505
EIGHTY-EIGHTH SESSION
02/11/2013 Authored by Falk
The bill was read for the first time and referred to the Committee on State Government Finance and Veterans Affairs