1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the city of Proctor to provide
1.3 utility extensions and upgrades for marked Interstate Highway 35 commercial
1.4 development; authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. PROCTOR; UTILITY EXTENSIONS AND UPGRADES.
1.7 Subdivision 1.Appropriation.$3,500,000 is appropriated from the bond proceeds fund
1.8to the Public Facilities Authority for a grant to the city of Proctor to predesign, design, and
1.9construct water, sewer, and electric utility extensions from Ugstad Road on the north side
1.10of marked Interstate Highway 35 to the south side and extending along the frontage road
1.11and utility replacements from Ugstad Road on the north side of marked Interstate Highway
1.1235 to 2nd Street. This appropriation does not require a nonstate match.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.15the state in an amount up to $3,500,000 in the manner, upon the terms, and with the effect
1.16prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.17Constitution, article XI, sections 4 to 7.
1.18 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/BM 25-0082012/03/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 584
NINETY-FOURTH SESSION
Authored by Zeleznikar and Skraba02/13/2025
The bill was read for the first time and referred to the Committee on Capital Investment