1.1 A bill for an act
1.2 relating to capital investment; appropriating money for improvements to storm
1.3 sewer infrastructure and street reconstruction in the city of Revere; authorizing
1.4 the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. REVERE; WATER INFRASTRUCTURE AND STREET
1.7RECONSTRUCTION.
1.8 Subdivision 1.Appropriation.$3,600,000 is appropriated from the bond proceeds fund
1.9to the Public Facilities Authority for a grant to the city of Revere to design, construct, and
1.10equip the replacement of aging and failing municipal infrastructure. This appropriation
1.11includes money for storm sewer system infrastructure and reconstruction of city streets.
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $3,600,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/KR 25-0029210/29/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 38
NINETY-FOURTH SESSION
Authored by Torkelson01/22/2025
The bill was read for the first time and referred to the Committee on Capital Investment