1.2relating to capital investment; appropriating money for wastewater infrastructure
1.3and utility improvements in Thief River Falls; authorizing the sale and issuance
1.4of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1.
THIEF RIVER FALLS PUBLIC INFRASTRUCTURE.
1.7 Subdivision 1. Appropriation. $1,998,000 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for a grant to the
1.9city of Thief River Falls to design, construct, and equip sanitary sewer systems, streets,
1.10and utility improvements including electrical infrastructure, for a regional development
1.11center in Thief River Falls. This appropriation is not available until the commissioner of
1.12management and budget has determined that at least an additional $1,012,000 has been
1.13committed to the project from nonstate sources.
1.14 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.15bond proceeds fund, the commissioner of management and budget shall sell and issue
1.16bonds of the state in an amount up to $1,998,000 in the manner, upon the terms, and with
1.17the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.18Minnesota Constitution, article XI, sections 4 to 7.
1.19EFFECTIVE DATE.This section is effective the day following final enactment.