Bill Text: MN SF1587 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Champlin Mill Pond dam grant bond issue and appropriation
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-04-10 - Referred to Finance [SF1587 Detail]
Download: Minnesota-2013-SF1587-Introduced.html
1.2relating to capital investment; appropriating money for the Champlin Mill Pond
1.3dam; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CHAMPLIN MILL POND DAM.
1.6 Subdivision 1. Appropriation. $3,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources for a grant to the city of Champlin under
1.8Minnesota Statutes, section 103G.511, for capital improvements to repair and renovate the
1.9Champlin Mill Pond dam. Notwithstanding the match requirements in Minnesota Statutes,
1.10section 103G.511, this appropriation does not require a 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 $3,000,000 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.
1.3dam; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CHAMPLIN MILL POND DAM.
1.6 Subdivision 1. Appropriation. $3,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of natural resources for a grant to the city of Champlin under
1.8Minnesota Statutes, section 103G.511, for capital improvements to repair and renovate the
1.9Champlin Mill Pond dam. Notwithstanding the match requirements in Minnesota Statutes,
1.10section 103G.511, this appropriation does not require a 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 $3,000,000 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.
