HF 1760

as introduced - 89th Legislature (2015 - 2016) Posted on 03/11/2015 11:59am

A bill for an act
relating to capital investment; appropriating money to design and construct
bicycle and pedestrian facilities along 26th Avenue North in Minneapolis;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNEAPOLIS PARK AND RECREATION BOARD; 26TH AVENUE
NORTH.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the Minneapolis Park and Recreation Board
to design the conversion of a large portion of the right-of-way for 26th Avenue North
between Lyndale Avenue North and the Mississippi River to a pedestrian and bicycle trail
connection from the Grand Rounds trails to the connector trails in the new regional park
running along both sides of the Mississippi River from trails into downtown Minneapolis
to trails in the northern suburbs and to planned trails running east to trails in Ramsey
County, and to design, engineer, and construct a pilot project within the corridor from 2nd
Street North to the Mississippi. This appropriation does not require a nonstate contribution.
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 $1,500,000 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