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A bill for an act
relating to capital investment; appropriating money for municipal sanitary sewer
and water infrastructure in the city of Credit River; 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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CITY OF CREDIT RIVER; MUNICIPAL SANITARY SEWER AND
WATER EXTENSION.
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Subdivision 1.
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Appropriation.
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$12,800,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Credit River to design,
construct, and equip municipal sanitary sewer and municipal water infrastructure serving
the County Court neighborhood.
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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 $12,800,000, 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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