HF 20

as introduced - 91st Legislature, 2020 1st Special Session (2019 - 2020) Posted on 06/12/2020 04:15pm

A bill for an act
relating to capital investment; appropriating money for the Lake Effect Project in
Wayzata; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin WAYZATA; LAKE EFFECT PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Wayzata for the Lake
Effect Project. The project includes design and construction of a boardwalk along the edge
of Lake Minnetonka in downtown Wayzata; design and construction of an Eco Park,
including ecological restoration of the shoreline area to improve water quality of the lake;
and design, construction, and renovation of the Depot Park area along the lake to improve
accessibility, add restrooms, and increase green space in the park. Nonstate contributions
spent or allocated before or after enactment of this section for other public improvements
that are part of the Lake Effect Project are sufficient match and no further nonstate
contributions are required.
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 $10,000,000 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