HF 2606

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; authorizing spending to acquire and better public
land and buildings and other improvements of a capital nature; authorizing the
issuance of state bonds; appropriating money for the city of Thief River Falls
pedestrian and bicycle pathways system.

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

Section 1. new text begin CITY OF THIEF RIVER FALLS PEDESTRIAN AND BICYCLE
PATHS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $340,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the
city of Thief River Falls to acquire land, predesign, design, construct, furnish, and equip
phase 1 of the city's pedestrian and bicycle pathways system, as described in the city's
adopted comprehensive plan. Phase 1 is to connect the Ralph Engelstad Arena, Arctic Cat,
and Digi-Key to the city's existing Riverwalk pedestrian walkway and then to Northland
Community and Technical College and the Multi-Events Center. This appropriation is not
available until the commissioner of finance determines that at least $50,000 is committed
to the project from nonstate resources. The nonstate contribution may be in kind.
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 by subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $340,000 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