HF 52

as introduced - 89th Legislature (2015 - 2016) Posted on 01/08/2015 12:21pm

A bill for an act
relating to capital investment; appropriating money to restore the Stone Mill
Dam in Lanesboro; authorizing the issuance of state bonds.

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

Section 1. new text begin STONE MILL DAM; LANESBORO.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Lanesboro to
repair and renovate the Stone Mill Dam in Fillmore County. Notwithstanding the match
requirements in Minnesota Statutes, section 103G.515, this grant to the city of Lanesboro
does not require any nonstate match.
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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $2,000,000 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