1.1 A bill for an act
1.2 relating to capital investment; appropriating money for improvements to water
1.3 and sewer infrastructure and street reconstruction in the city of Lake Lillian;
1.4 authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. LAKE LILLIAN; WATER INFRASTRUCTURE AND STREET
1.7RECONSTRUCTION.
1.8 Subdivision 1.Appropriation.$3,500,000 is appropriated from the bond proceeds fund
1.9to the Public Facilities Authority for a grant to the city of Lake Lillian to design, construct,
1.10and equip the replacement of aging and failing municipal infrastructure. This appropriation
1.11includes money for improvements to and replacement of water distribution system, sanitary
1.12sewer system, and storm sewer system infrastructure, and reconstruction of city streets. This
1.13appropriation is in addition to the appropriation in Laws 2023, chapter 72, article 2, section
1.1410, subdivision 9.
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 $3,500,000 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.
25-00547 as introduced11/13/24 REVISOR JSK/DG
SENATE
STATE OF MINNESOTA
S.F. No. 301NINETY-FOURTH SESSION
(SENATE AUTHORS: LANG)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Capital Investment