1.1 A bill for an act
1.2 relating to capital investment; appropriating money to extend utilities to a housing
1.3 and economic development park in Aitkin; 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. UTILITY EXTENSION; AITKIN.
1.7 Subdivision 1.Appropriation.$3,840,000 is appropriated to the commissioner of
1.8employment and economic development for a grant to the city of Aitkin to predesign, design,
1.9engineer, and extend public utilities including water and sanitary sewer services to Aitkin's
1.10housing and economic development park, including the site for new public school facilities
1.11for the Aitkin public schools.
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 $3,840,000 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.
25-02871 as introduced01/28/25 REVISOR JSK/NS
SENATE
STATE OF MINNESOTA
S.F. No. 1044NINETY-FOURTH SESSION
(SENATE AUTHORS: FARNSWORTH)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/06/2025
Referred to Capital Investment