Bill Text: MN SF2165 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Wadena street and utility improvements grant bond issue and appropriation
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2012-03-01 - Referred to Capital Investment [SF2165 Detail]
Download: Minnesota-2011-SF2165-Introduced.html
1.2relating to capital investment; appropriating money for street and utility
1.3improvements in Wadena including infrastructure damaged by the 2010 tornado;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. WADENA STREET AND UTILITY IMPROVEMENTS.
1.7 Subdivision 1. Appropriation. $7,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of economic development for a grant to the city of Wadena for
1.9storm sewer, sanitary sewer, water, street, and other improvements and betterments of a
1.10capital nature to publicly owned infrastructure, including substantial portions damaged as
1.11a result of the tornadoes, storms, and infiltration of water into the sanitary sewer system
1.12that occurred on or after June 17, 2010, designated under Presidential Declaration of
1.13Major Disaster, FEMA-1921-DR.
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 $7,000,000 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.
1.3improvements in Wadena including infrastructure damaged by the 2010 tornado;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. WADENA STREET AND UTILITY IMPROVEMENTS.
1.7 Subdivision 1. Appropriation. $7,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of economic development for a grant to the city of Wadena for
1.9storm sewer, sanitary sewer, water, street, and other improvements and betterments of a
1.10capital nature to publicly owned infrastructure, including substantial portions damaged as
1.11a result of the tornadoes, storms, and infiltration of water into the sanitary sewer system
1.12that occurred on or after June 17, 2010, designated under Presidential Declaration of
1.13Major Disaster, FEMA-1921-DR.
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 $7,000,000 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.
