HF 539

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

A bill for an act
relating to natural resources; appropriating money for
improvements to the Shellrock River watershed;
authorizing the sale of state bonds.

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

Section 1. new text begin SHELLROCK RIVER APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriations. new text end

new text begin (a) $350,000 is
appropriated from the bond proceeds fund to the commissioner of
natural resources to replace the dam on the Shellrock River at
Albert Lea Lake.
new text end

new text begin (b) $350,000 is appropriated from the bond proceeds fund to
the Board of Water and Soil Resources for a grant to the
Shellrock River Watershed District to make capital improvements
affecting water quality within the watershed district.
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
finance shall sell and issue bonds of the state in an amount up
to $....... 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. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end