HF 2894

as introduced - 91st Legislature (2019 - 2020) Posted on 05/16/2019 08:58am

A bill for an act
relating to capital investment; appropriating money for the Shell Rock River
Watershed District; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. SHELL ROCK RIVER WATERSHED DISTRICT.

Subdivision 1.

Appropriation.

$7,500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the Shell Rock River Watershed
District for sediment removal and cleanup of Fountain Lake.

Subd. 2.

Bond sale.

To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $7,500,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.

EFFECTIVE DATE.

This section is effective the day following final enactment.