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 Hoyt Lakes and town
of White rail and infrastructure project.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$882,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Hoyt Lakes and the
town of White to construct an approximately 7,700 lineal foot railroad spur from the
Canadian National main line from northwest of the Laskin Energy Park to lot 1, blocks 1
and 2 of the park.
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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 $882,000 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.
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This section is effective the day following final enactment.
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