HF 2931

as introduced - 86th Legislature (2009 - 2010) Posted on 02/11/2010 04:25pm

A bill for an act
relating to capital improvements; appropriating money to replace a municipal
bridge in the city of Cambridge; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for a grant to the city of Cambridge to replace the bridge on 2nd Avenue
over the Rum River.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $2,500,000 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.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end