Bill Text: MN HF1988 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Truman; storm water project grant funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-01-30 - Introduction and first reading, referred to State Government Finance [HF1988 Detail]
Download: Minnesota-2011-HF1988-Introduced.html
1.2relating to capital investment; appropriating money for a grant to the city of
1.3Truman for a storm water project; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUMAN STORM WATER PROJECT.
1.7 Subdivision 1. Appropriation. $1,250,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the
1.9city of Truman to design, construct, and install new storm water lines to two areas of the
1.10city that experience flooding with heavy rain. This appropriation is not available until at
1.11least an equal amount has been committed to the project from nonstate sources.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.13bond proceeds fund, the commissioner of management and budget shall sell and issue
1.14bonds of the state in an amount up to $1,250,000 in the manner, upon the terms, and with
1.15the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.16Minnesota Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Truman for a storm water project; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUMAN STORM WATER PROJECT.
1.7 Subdivision 1. Appropriation. $1,250,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the
1.9city of Truman to design, construct, and install new storm water lines to two areas of the
1.10city that experience flooding with heavy rain. This appropriation is not available until at
1.11least an equal amount has been committed to the project from nonstate sources.
1.12 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.13bond proceeds fund, the commissioner of management and budget shall sell and issue
1.14bonds of the state in an amount up to $1,250,000 in the manner, upon the terms, and with
1.15the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.16Minnesota Constitution, article XI, sections 4 to 7.
1.17EFFECTIVE DATE.This section is effective the day following final enactment.
