Bill Text: MN HF1274 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Isle; water and sewer infrastructure grant funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-05 - Introduction and first reading, referred to Jobs and Economic Development Finance and Policy [HF1274 Detail]
Download: Minnesota-2013-HF1274-Introduced.html
1.2relating to capital investment; appropriating money for a grant to the city of Isle for
1.3water and sewer infrastructure; 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 ISLE; INFRASTRUCTURE GRANT.
1.6 Subdivision 1. Appropriation. $850,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to
1.8the city of Isle to replace a water main that serves residents along Isle Street, and to
1.9design, engineer, and construct sewer and water main extensions to serve a 40-acre
1.10annexation area and a sewer and water main extension to serve the Maple Street area.
1.11This appropriation is not available until the commissioner of management and budget
1.12determines that at least an equal amount is committed to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $850,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3water and sewer infrastructure; 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 ISLE; INFRASTRUCTURE GRANT.
1.6 Subdivision 1. Appropriation. $850,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to
1.8the city of Isle to replace a water main that serves residents along Isle Street, and to
1.9design, engineer, and construct sewer and water main extensions to serve a 40-acre
1.10annexation area and a sewer and water main extension to serve the Maple Street area.
1.11This appropriation is not available until the commissioner of management and budget
1.12determines that at least an equal amount is committed to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $850,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
