HF 1505

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/09/2023 11:36am

A bill for an act
relating to capital investment; appropriating money for the Lake Links trail;
authorizing the sale and issuance of state bonds.

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

Sec. 2. new text begin DELLWOOD; LAKE LINKS TRAIL.
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 Metropolitan Council for a grant to the city of Dellwood in Washington County to
design, engineer, construct, and equip trail improvements consistent with the completed
preliminary engineering along or parallel with the shore of White Bear Lake between the
Mahtomedi city limits and the western line of Washington County. This appropriation may
also be used for the acquisition of permanent easements and right-of-way. This appropriation
is in addition to the appropriation in Laws 2020, Fifth Special Session chapter 3, article 1,
section 17, subdivision 13, for the same purposes.
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 $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

new text begin EFFECTIVE DATE. new text end

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