Bill Text: MN SF669 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Albert Lea water and sewer construction bond issue and appropriation
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2011-03-09 - Referred to Capital Investment [SF669 Detail]
Download: Minnesota-2011-SF669-Introduced.html
1.2relating to capital improvements; appropriating money for a water and sewer
1.3project in the city of Albert Lea; authorizing the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ALBERT LEA WATER AND SEWER CONSTRUCTION.
1.6 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.7fund to the Public Facilities Authority for a grant to the city of Albert Lea to design,
1.8construct, and equip water and sewer utilities in the area of Broadway Avenue and Main
1.9Street. This project may include demolition of deteriorating concrete curbs, gutters,
1.10sidewalks, and streets above the utilities, and the construction costs to replace and
1.11rehabilitate the infrastructure.
1.12This appropriation is not available until the commissioner has determined that at
1.13least an equal amount has been committed by the city of Albert Lea.
1.14 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $1,000,000 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.
1.19 Sec. 2. EFFECTIVE DATE.
1.20Section 1 is effective the day following final enactment.
1.3project in the city of Albert Lea; authorizing the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ALBERT LEA WATER AND SEWER CONSTRUCTION.
1.6 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.7fund to the Public Facilities Authority for a grant to the city of Albert Lea to design,
1.8construct, and equip water and sewer utilities in the area of Broadway Avenue and Main
1.9Street. This project may include demolition of deteriorating concrete curbs, gutters,
1.10sidewalks, and streets above the utilities, and the construction costs to replace and
1.11rehabilitate the infrastructure.
1.12This appropriation is not available until the commissioner has determined that at
1.13least an equal amount has been committed by the city of Albert Lea.
1.14 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $1,000,000 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.
1.19 Sec. 2. EFFECTIVE DATE.
1.20Section 1 is effective the day following final enactment.
