1.1 A bill for an act
1.2 relating to capital investment; appropriating money for public infrastructure in the
1.3 city of Spicer; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SPICER; PUBLIC INFRASTRUCTURE.
1.6 Subdivision 1.Appropriation.$2,100,000 is appropriated from the bond proceeds fund
1.7to the commissioner of employment and economic development for a grant to the city of
1.8Spicer to design, construct, and equip publicly owned infrastructure, including a new lift
1.9station, and sewer, water, and roadway improvements, to serve the County Road 8 area
1.10located in the southeast portion of the city, to encourage economic growth and development.
1.11 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $2,100,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-00943 as introduced12/05/24 REVISOR JSK/DG
SENATE
STATE OF MINNESOTA
S.F. No. 579NINETY-FOURTH SESSION
(SENATE AUTHORS: LANG)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/23/2025
Referred to Capital Investment