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HF 4696

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/30/2022 11:39am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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1.18

A bill for an act
relating to capital investment; appropriating money for the Mississippi Crossings
Parking Area in the city of Champlin; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin CHAMPLIN; MISSISSIPPI CROSSINGS PARKING AREA.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Champlin to design, construct, and equip a parking area, including related site improvements
and infrastructure, for Mississippi Crossings. This appropriation includes money for charging
stations for electric vehicles, an ADA-compliant trail, an event space, an outdoor performance
area, and a municipal dock system.
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 $1,000,000 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