Richfield; water main construction funding provided, bonds issued, and money appropriated.

A bill for an act

relating to capital investment; appropriating money for construction of water main

in the city of Richfield; 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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RICHFIELD; WATER MAIN CONSTRUCTION.
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Subdivision 1.

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Appropriation.

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$2,500,000 is appropriated from the bond proceeds fund

to the Public Facilities Authority for a grant to the city of Richfield to construct water main

connecting the municipal water systems of the city of Richfield and the city of Minneapolis

under marked Trunk Highway 62 along 5th Avenue South. The project will provide the city

of Richfield with a secondary source of potable water to be used in the event of disruption

to its existing water treatment and distribution system. This appropriation includes money

for right-of-way and easement acquisition, and construction of associated infrastructure

necessary to complete the project.

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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 $2,500,000 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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