as introduced - 88th Legislature (2013 - 2014) Posted on 02/26/2014 09:15am
A bill for an act
relating to capital investment; appropriating money for the city of Coleraine
for public infrastructure improvements; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,150,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Coleraine to design, engineer, and construct improvements to the city's water,
sanitary sewer, and storm sewer systems along Roosevelt Avenue, and for the associated
street reconstruction. This appropriation is not available until the commissioner of
management and budget determines that at least an equal amount is committed to the
project from nonstate sources.
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To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $1,150,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
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This section is effective the day following final enactment.
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