as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to capital improvements; providing grants to 1.3 the city of Albert Lea and Freeborn county for dam and 1.4 lake improvements in the Albert Lea area; authorizing 1.5 issuance of bonds; appropriating money. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [APPROPRIATION; ALBERT LEA.] 1.8 (a) $3,000,000 is appropriated from the bond proceeds fund 1.9 to the commissioner of natural resources for a grant to the city 1.10 of Albert Lea to make dam improvements in the Albert Lea area. 1.11 (b) Of the amount appropriated in paragraph (a): 1.12 (1) $1,000,000 is for a new dam on Fountain Lake; 1.13 (2) $500,000 is for sediment infiltration control strips; 1.14 (3) $1,000,000 is for shoreline stabilization on Albert Lea 1.15 Lake and Fountain Lake; and 1.16 (4) $500,000 is for storm water sumps in catch basins for 1.17 Albert Lea Lake and Fountain Lake. 1.18 Sec. 2. [APPROPRIATION; FREEBORN COUNTY.] 1.19 $400,000 is appropriated from the bond proceeds fund to the 1.20 commissioner of natural resources for a grant to the county of 1.21 Freeborn for a new dam on Albert Lea Lake. 1.22 Sec. 3. [BOND SALE.] 1.23 To provide the money appropriated in sections 1 and 2 from 1.24 the bond proceeds fund, the commissioner of finance shall sell 1.25 and issue bonds of the state in an amount up to $3,400,000 in 2.1 the manner, on the terms, and with the effect prescribed by 2.2 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 2.3 Minnesota Constitution, article XI, sections 4 to 7. 2.4 Sec. 4. [EFFECTIVE DATE.] 2.5 Sections 1 to 3 are effective the day following final 2.6 enactment.