SF 340

01/07/25  REVISOR  JSK/NS  25-01744        as introduced
  SENATE
  STATE OF MINNESOTA
  NINETY-FOURTH SESSION  S.F. No. 340
  (SENATE AUTHORS: WEBER)
  DATE       D-PG  OFFICIAL STATUS
  01/21/2025       119 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 Butterfield; authorizing the sale and issuance of state bonds.
1.4    BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5Section 1. BUTTERFIELD; PUBLIC INFRASTRUCTURE.
1.6Subdivision 1. Appropriation. $16,000,000 is appropriated from the bond proceeds
1.7    fund to the Public Facilities Authority for a grant to the city of Butterfield to design, construct,
1.8    and equip rehabilitation of the city's wastewater treatment facility, and for reconstruction
1.9    of aging and failing streets.
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 $16,000,000 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