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MN HF1991
Bill
Status
1/30/2012
Primary Sponsor
Lyle Koenen
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AI Summary
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Appropriates $5,400,000 from bond proceeds to the Commissioner of Employment and Economic Development for a grant to the city of Sacred Heart for water, sewer, and storm utility improvements.
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Grant funds may be used for design, construction, equipment installation, demolition of deteriorating infrastructure (curbs, gutters, sidewalks, streets), and replacement or rehabilitation of utilities.
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Appropriation is conditional on the city securing at least an equal amount ($5,400,000) in matching funds from nonstate sources and demonstrating sufficient funding to complete the project.
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Authorizes the Commissioner of Management and Budget to sell and issue state bonds up to $5,400,000 to finance the appropriation.
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Becomes effective the day following final enactment.
Legislative Description
Sacred Heart; wastewater infrastructure improvement funding provided, bonds issued, and money appropriated.
Last Action
Introduction and first reading, referred to State Government Finance
1/30/2012