HF 3578

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/17/2022 02:19pm

A bill for an act
relating to capital investment; appropriating money for the Silver Lake sediment
removal and revitalization project; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ROCHESTER; SILVER LAKE SEDIMENT REMOVAL AND
REVITALIZATION PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $11,670,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to the city of Rochester to predesign,
design, engineer, construct, and equip sediment removal and capital improvements near the
Silver Lake dam in order to adhere to United States Army Corps of Engineers and flood
mitigation requirements. This appropriation includes money for design, engineering,
construction, and installation of the North Side pedestrian trail, including boardwalk
components, a pedestrian bridge, and access along North Broadway Avenue, as well as
capital improvements to Silver Lake Park consistent with the park master plan, including
aquatics features, an accessible playground, shelter renovations, and trail connections.
Nonstate contributions toward predesign, design, and engineering made before or after the
enactment of this section shall count toward the nonstate match. This appropriation is
available when the commissioner of management and budget determines that an amount
sufficient to complete the project has been committed to the project, as required by Minnesota
Statutes, section 16A.502.
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 $11,670,000 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