Bill Text: MN SF2172 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Blue Earth industrial park infrastructure grant bond issue and appropriation
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2014-03-03 - Referred to Finance [SF2172 Detail]
Download: Minnesota-2013-SF2172-Introduced.html
1.2relating to capital investment; appropriating money for public infrastructure for
1.3an industrial park in the city of Blue Earth; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. CITY OF BLUE EARTH INDUSTRIAL PARK INFRASTRUCTURE.
1.7 Subdivision 1. Appropriation. $1,422,550 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for the greater
1.9Minnesota business development public infrastructure grant program under Minnesota
1.10Statutes, section 116J.431, for a grant to the city of Blue Earth to acquire land and
1.11predesign, design, construct, and equip public infrastructure for the North Industrial Park
1.12in the city of Blue Earth. The project includes upgrading a segment of County State-Aid
1.13Highway 103 between Trunk Highway 169 and the entrance to the industrial park.
1.14This appropriation is not available until the commissioner of management and budget
1.15determines that at least an equal amount is committed to the project from nonstate sources.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $1,422,550 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
1.3an industrial park in the city of Blue Earth; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. CITY OF BLUE EARTH INDUSTRIAL PARK INFRASTRUCTURE.
1.7 Subdivision 1. Appropriation. $1,422,550 is appropriated from the bond proceeds
1.8fund to the commissioner of employment and economic development for the greater
1.9Minnesota business development public infrastructure grant program under Minnesota
1.10Statutes, section 116J.431, for a grant to the city of Blue Earth to acquire land and
1.11predesign, design, construct, and equip public infrastructure for the North Industrial Park
1.12in the city of Blue Earth. The project includes upgrading a segment of County State-Aid
1.13Highway 103 between Trunk Highway 169 and the entrance to the industrial park.
1.14This appropriation is not available until the commissioner of management and budget
1.15determines that at least an equal amount is committed to the project from nonstate sources.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $1,422,550 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
