SF 337

01/07/25  REVISOR  JSK/VJ  25-01742    as introduced
  SENATE
  STATE OF MINNESOTA
  NINETY-FOURTH SESSION  S.F. No. 337
  (SENATE AUTHORS: WEBER)
  DATE       D-PG  OFFICIAL STATUS
  01/21/2025       119 Introduction and first reading
  Referred to Capital Investment
  See HF719
1.1A bill for an act
1.2relating to capital investment; appropriating money for public infrastructure in the
1.3city of Mountain Lake; authorizing the sale and issuance of state bonds.
1.4    BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5Section 1. MOUNTAIN LAKE; PUBLIC INFRASTRUCTURE.
1.6Subdivision 1. Appropriation. $2,000,000 is appropriated from the bond proceeds fund
1.7    to the Public Facilities Authority for a grant to the city of Mountain Lake to design and
1.8    construct public infrastructure, including street, clean drinking water, and sanitary and
1.9    stormwater sewer, to expand housing in the city.
1.10Subd. 2. Bond sale. To provide the money appropriated in this section from the bond
1.11   proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.12   the state in an amount up to $2,000,000 in the manner, upon the terms, and with the effect
1.13   prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.14   Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE. This section is effective the day following final enactment.
Section 1.  1