Bill Text: MN SF2650 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Cold Spring water infrastructure bond issue and appropriation
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-13 - Referred to Finance [SF2650 Detail]
Download: Minnesota-2013-SF2650-Introduced.html
1.2relating to capital investment; appropriating money for water infrastructure in the
1.3city of Cold Spring; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF COLD SPRING; WATER INFRASTRUCTURE.
1.6 Subdivision 1. Appropriation. $8,000,000 is appropriated from the bond proceeds
1.7fund to the Public Facilities Authority for a grant to the city of Cold Spring to acquire
1.8land, predesign, design, engineer, construct, furnish, and equip water infrastructure,
1.9including drilling new wells, a water treatment plant, and piping for water distribution.
1.10This appropriation does not require a nonstate match.
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 $8,000,000 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.
1.3city of Cold Spring; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF COLD SPRING; WATER INFRASTRUCTURE.
1.6 Subdivision 1. Appropriation. $8,000,000 is appropriated from the bond proceeds
1.7fund to the Public Facilities Authority for a grant to the city of Cold Spring to acquire
1.8land, predesign, design, engineer, construct, furnish, and equip water infrastructure,
1.9including drilling new wells, a water treatment plant, and piping for water distribution.
1.10This appropriation does not require a nonstate match.
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 $8,000,000 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.
