HF 3511

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/17/2022 02:18pm

A bill for an act
relating to capital investment; appropriating money for the final phase of the Lake
Effect Project in the city of Wayzata; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin WAYZATA; LAKE EFFECT PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Wayzata to design and construct the final phase of the Lake Effect Project. This appropriation
includes money for construction of a boardwalk; rehabilitation of the historic Section
Foreman House; lakeshore restoration; and water quality, safety, and accessibility
improvements at Depot Park and Eco Park.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $6,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end