1.1 A bill for an act
1.2 relating to capital investment; appropriating money for public infrastructure in the
1.3 city of Mountain Lake; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MOUNTAIN LAKE; PUBLIC INFRASTRUCTURE.
1.6 Subdivision 1.Appropriation.$2,000,000 is appropriated from the bond proceeds fund
1.7to the Public Facilities Authority for a grant to the city of Mountain Lake to design and
1.8construct public infrastructure, including street, clean drinking water, and sanitary and
1.9stormwater sewer, to expand housing in the city.
1.10 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.11proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.12the state in an amount up to $2,000,000 in the manner, upon the terms, and with the effect
1.13prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.14Constitution, article XI, sections 4 to 7.
1.15 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-01742 as introduced01/07/25 REVISOR JSK/VJ
SENATE
STATE OF MINNESOTA
S.F. No. 337NINETY-FOURTH SESSION
(SENATE AUTHORS: WEBER)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Capital Investment