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 Heritage Village Park in
Inver Grove Heights.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,600,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the city of Inver Grove Heights to acquire,
remediate, and develop the Heritage Village Park along the Mississippi River in the city.
This appropriation is not available until the commissioner of finance determines that at
least $2,300,000 is committed to the project from nonstate sources.
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To provide the money appropriated in subdivision 1 from
the bond proceeds fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $4,600,000 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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