Bill Text: MN SF1833 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Proctor sand and salt storage facility bond issue and appropriation
Sponsorship: Partisan Bill (Independent 1)
Status: (Introduced - Dead) 2014-02-25 - Referred to Finance [SF1833 Detail]
Download: Minnesota-2013-SF1833-Introduced.html
1.2relating to capital investment; appropriating money for the city of Proctor to build
1.3a sand and salt storage facility; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PROCTOR SALT AND SAND STORAGE FACILITY.
1.6 Subdivision 1. Appropriation. $150,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Proctor to design and construct a sand and salt storage facility. This appropriation
1.9is not available until the commissioner of management and budget determines that at least
1.10an equal amount is committed to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $150,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3a sand and salt storage facility; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PROCTOR SALT AND SAND STORAGE FACILITY.
1.6 Subdivision 1. Appropriation. $150,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Proctor to design and construct a sand and salt storage facility. This appropriation
1.9is not available until the commissioner of management and budget determines that at least
1.10an equal amount is committed to the project from nonstate sources.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $150,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
