HF 2318

as introduced - 89th Legislature (2015 - 2016) Posted on 05/08/2015 08:39am

A bill for an act
relating to capital investment; appropriating money for site improvements at the
Ramsey Mill Pond in Austin; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin AUSTIN; RAMSEY MILL POND.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Austin to design,
construct, and equip improvements at the site of the Ramsey Mill Pond, including the
construction of a regional trail connection, picnic and parking areas, a boat launch, fishing
platform, and other public facilities and amenities, and for landscaping, shore stabilization,
riparian planting, and establishment of native vegetation.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $3,000,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end