as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the sale and issuance of
state bonds; appropriating money for infrastructure improvements and
right-of-way acquisition within the Franklin LRT Station and 46th Street Station
redevelopment areas in the city of Minneapolis.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,500,000 is appropriated to the commissioner of employment and economic
development for a grant to the city of Minneapolis to design, acquire right-of-way, and
construct public infrastructure improvements within the Franklin LRT Station and 46th
Street Station redevelopment areas.
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To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of finance shall sell and issue bonds of the state in an amount up to
$6,500,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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