HF 2568

as introduced - 92nd Legislature (2021 - 2022) Posted on 04/04/2022 05:05pm

A bill for an act
relating to capital investment; appropriating money for a marina on Rainy Lake;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RANIER; SAFE HARBOR TRANSIENT BOAT DOCK ON RAINY
LAKE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,100,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the city of Ranier to predesign, design,
engineer, construct, and equip a marina to provide up to 26 slips in a safe harbor on Rainy
Lake and Rainy River at the Gateway to Voyageurs National Park. The marina will provide
overnight transient boaters with water, electricity, and sewage pump out services. This
appropriation is exempt from the requirements under Minnesota Statutes, section 16A.86,
subdivision 4.
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 $2,100,000 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