SF 2

10/29/24  REVISOR  JSK/BM  25-00296     as introduced
  SENATE
  STATE OF MINNESOTA
  NINETY-FOURTH SESSION  S.F. No. 2
  (SENATE AUTHORS: RARICK)
  DATE       D-PG  OFFICIAL STATUS
  01/16/2025       58 Introduction and first reading
  Referred to Capital Investment
1.1A bill for an act
1.2relating to capital investment; appropriating money for public infrastructure in the
1.3city of Pine City; authorizing the sale and issuance of state bonds.
1.4    BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5Section 1. PINE CITY; PUBLIC INFRASTRUCTURE.
1.6Subdivision 1. Appropriation. $7,000,000 is appropriated from the bond proceeds fund
1.7    to the Public Facilities Authority for a grant to the city of Pine City to design and construct
1.8    a renovation of a wastewater treatment pond system in the city of Pine City, including pond
1.9    riprap repair, aeration improvements, pond outfall line repairs, and the installation of a new
1.10   pond liner.
1.11Subd. 2. Bond sale. To provide the money appropriated in this section from the bond
1.12   proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13   the state in an amount up to $7,000,000 in the manner, upon the terms, and with the effect
1.14   prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15   Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE. This section is effective the day following final enactment.
Section 1.  1