Bill Text: MN HF2070 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Litchfield; phase 2 power generation improvements funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-02-25 - Introduction and first reading, referred to Jobs and Economic Development Finance and Policy [HF2070 Detail]
Download: Minnesota-2013-HF2070-Introduced.html
1.2relating to capital investment; appropriating money for city of Litchfield's phase 2
1.3power generation improvements; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LITCHFIELD POWER GENERATION IMPROVEMENTS.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Litchfield to design and construct electrical generation improvements in the city
1.9of Litchfield to expand the current standby capacity, including replacement of two old
1.10generators. This appropriation is not available until the commissioner of management
1.11and budget determines that at least an equal amount is committed to the project from
1.12nonstate 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 $5,000,000 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.
1.3power generation improvements; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LITCHFIELD POWER GENERATION IMPROVEMENTS.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the
1.8city of Litchfield to design and construct electrical generation improvements in the city
1.9of Litchfield to expand the current standby capacity, including replacement of two old
1.10generators. This appropriation is not available until the commissioner of management
1.11and budget determines that at least an equal amount is committed to the project from
1.12nonstate 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 $5,000,000 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.
