Medford; fire station funding provided, bonds issued, and money appropriated.

Plain English Breakdown

The exact process and timing of bond issuance are not detailed in the provided summary.

Medford Fire Station Funding

The bill provides funding for a fire station in Medford by selling state bonds and giving money to the city.

What This Bill Does

• Appropriates $400,000 from bond proceeds to fund a grant for the city of Medford to acquire property and predesign and design a fire station.
• Authorizes the sale and issuance of up to $400,000 worth of state bonds to provide funding for the project.

Who It Names or Affects

• The city of Medford
• Residents of Medford who will benefit from a new fire station

Terms To Know

Bond proceeds fund

Money raised by selling state bonds, used to pay for projects like the fire station.

Predesign and design

Planning stages before building a structure, including drawing plans and figuring out costs.

Limits and Unknowns

• The bill does not specify how long it will take to build the fire station.
• It is unclear if there are any additional requirements for selling state bonds beyond what is stated in the bill.

Official Summary Text

Medford; fire station funding provided, bonds issued, and money appropriated.

Current Bill Text

A bill for an act

relating to capital investment; appropriating money for a fire station in Medford;

authorizing the sale and issuance of state bonds.

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

Section 1.
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MEDFORD; FIRE STATION.
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Subdivision 1.

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Appropriation.

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$400,000 is appropriated from the bond proceeds fund

to the commissioner of public safety for a grant to the city of Medford to acquire property

for and to predesign and design a fire station.

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Subd. 2.

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Bond sale.

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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 $400,000 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.

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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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