HF 480

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing state
bonds; appropriating money for completion of the Grand
Rounds National Scenic Byway trail in the city of
Minneapolis.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $250,000 is appropriated from the bond proceeds fund to the
commissioner of employment and economic development to make a
grant to Minneapolis Park and Recreation Board to develop a plan
to complete the Grand Rounds National Scenic Byway by providing
a link between northeast Minneapolis on Stinson Avenue and
Southeast Minneapolis at East River Road.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the
bond proceeds fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $250,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

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