as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 02:47pm
Engrossments | ||
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Introduction | Posted on 03/07/2019 |
A bill for an act
relating to capital investment; appropriating money for construction of a
campground at the Babbitt Recreation Area; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$750,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant under Minnesota Statutes, section
85.019, subdivision 2, to the city of Babbitt to construct a campground at the Babbitt
Recreation Area. This appropriation is not available until the commissioner of management
and budget determines that $750,000 has been committed from nonstate sources to complete
the project.
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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 $750,000 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.
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This section is effective the day following final enactment.
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