1.1 A bill for an act
1.2 relating to capital investment; appropriating money for public infrastructure
1.3 improvements in the city of Lake Benton; authorizing the sale and issuance of
1.4 state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. LAKE BENTON; PUBLIC INFRASTRUCTURE IMPROVEMENTS.
1.7 Subdivision 1.Appropriation.$863,000 is appropriated from the bond proceeds fund
1.8to the Public Facilities Authority for a grant to the city of Lake Benton to design, engineer,
1.9construct, and reconstruct the replacement of sanitary sewer, water, and storm sewer
1.10infrastructure along the marked U.S. Highway 75 corridor in conjunction with the
1.11reconstruction of U.S. Highway 75.
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 $863,000 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/VJ 25-0049111/01/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 45
NINETY-FOURTH SESSION
Authored by Schomacker01/22/2025
The bill was read for the first time and referred to the Committee on Capital Investment