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SF 3331

1st Engrossment - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

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

Bill Text Versions

Engrossments
Introduction Posted on 02/28/2008
1st Engrossment Posted on 04/03/2008

Current Version - 1st Engrossment

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A bill for an act
relating to local government finance; permitting Minneapolis Park and Recreation
Board to retain proceeds from the condemnation of park lands necessary for
the reconstruction and expansion of marked Interstate Highway 35W at the
Mississippi River.

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

Section 1. new text begin MINNEAPOLIS PARK AND RECREATION BOARD;
CONDEMNATION PROCEEDS.
new text end

new text begin Notwithstanding the provisions of Minnesota Statutes, section 16A.695, or any
other law, the Minneapolis Park and Recreation Board may retain the proceeds from the
condemnation of park lands or its interest in land necessary for the reconstruction and
expansion of marked Interstate Highway 35W at the Mississippi River in Minneapolis.
Proceeds received by the park board from the condemnation proceeding must be deposited
into a park land acquisition account controlled by the Minneapolis Park and Recreation
Board. Money in the account must be invested pursuant to Minnesota Statutes, chapter
118A, and interest shall accrue to this account. The park land acquisition account must
be used solely to acquire land for public park purposes adjacent to the Mississippi River
in Minneapolis. Lands acquired from the account must be included in the metropolitan
regional recreation open space system and are subject to the provisions of Minnesota
Statutes, section 16A.695, and laws governing metropolitan regional park land. The park
board shall provide an annual report to the commissioner of finance and the Metropolitan
Council regional administrator outlining the use of the funds in the park land acquisition
account until such time as no funds remain in the account.
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