as introduced - 93rd Legislature (2023 - 2024) Posted on 01/11/2023 04:02pm
A bill for an act
relating to capital investment; appropriating money for restoration of the Minnesota
River riverbank in the Shakopee area; authorizing the sale and issuance of state
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Shakopee to predesign, design, and construct the restoration of the Minnesota River riverbank
from the western edge of downtown Shakopee to The Landing in the Three Rivers Park
District.
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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 $4,000,000 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.
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This section is effective the day following final enactment.
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