1.1 A bill for an act
1.2 relating to capital investment; appropriating money for water and sewer
1.3 infrastructure in the city of Newport; authorizing the sale and issuance of state
1.4 bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. NEWPORT; WATER AND SEWER INFRASTRUCTURE.
1.7 Subdivision 1.Appropriation.$5,162,000 is appropriated from the bond proceeds fund
1.8to the Public Facilities Authority for a grant to the city of Newport to acquire right-of-way
1.9for and to predesign, design, and construct the removal, replacement, and installation of
1.10water, sanitary sewer, and storm sewer system infrastructure, and reconstruction of affected
1.11streets in the project area. For the purposes of this section, "project area" means 3rd Avenue
1.12between 14th Street and 12th Street, 2nd Avenue between 15th Street and 11th Street, Cedar
1.13Lane between 15th Street and 2nd Avenue, and 12th Avenue west of 4th Avenue in the city
1.14of Newport.
1.15 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.16proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.17the state in an amount up to $5,162,000 in the manner, upon the terms, and with the effect
1.18prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.19Constitution, article XI, sections 4 to 7.
1.20 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-01807 as introduced01/07/25 REVISOR JSK/RC
SENATE
STATE OF MINNESOTA
S.F. No. 267NINETY-FOURTH SESSION
(SENATE AUTHORS: KLEIN)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/16/2025
Referred to Capital Investment