Bill Text: MN SF1782 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Spirit Mountain recreation authority water facilities grant bond issue and appropriation
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2012-02-13 - Referred to Capital Investment [SF1782 Detail]
Download: Minnesota-2011-SF1782-Introduced.html
1.2relating to capital investment; appropriating money for construction of water
1.3facilities; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SPIRIT MOUNTAIN RECREATION AUTHORITY; WATER
1.6FACILITIES.
1.7 Subdivision 1. Appropriation. $3,400,000 is appropriated from the bond proceeds
1.8fund to the Public Facilities Authority for a grant to the Spirit Mountain Recreation
1.9Authority to acquire easements, licenses, and other interests in real property and to
1.10engineer, design, permit, and construct works and systems to transport water from the St.
1.11Louis River estuary for commercial and industrial use. This appropriation is available
1.12when the Public Facilities Authority has determined that at least $1,100,000 has been
1.13committed to the project from nonstate sources. Expenditures made on or after September
1.141, 2011, for this project shall count towards the match of nonstate sources.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $3,400,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
1.3facilities; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SPIRIT MOUNTAIN RECREATION AUTHORITY; WATER
1.6FACILITIES.
1.7 Subdivision 1. Appropriation. $3,400,000 is appropriated from the bond proceeds
1.8fund to the Public Facilities Authority for a grant to the Spirit Mountain Recreation
1.9Authority to acquire easements, licenses, and other interests in real property and to
1.10engineer, design, permit, and construct works and systems to transport water from the St.
1.11Louis River estuary for commercial and industrial use. This appropriation is available
1.12when the Public Facilities Authority has determined that at least $1,100,000 has been
1.13committed to the project from nonstate sources. Expenditures made on or after September
1.141, 2011, for this project shall count towards the match of nonstate sources.
1.15 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.16bond proceeds fund, the commissioner of management and budget shall sell and issue
1.17bonds of the state in an amount up to $3,400,000 in the manner, upon the terms, and with
1.18the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.19Minnesota Constitution, article XI, sections 4 to 7.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
