HF 797

as introduced - 88th Legislature (2013 - 2014) Posted on 02/22/2013 01:41pm

A bill for an act
relating to capital investment; appropriating money for the safe routes to school
program; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin SAFE ROUTES TO SCHOOL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation; bonds. new text end

new text begin $12,800,000 is appropriated from the bond
proceeds fund to the commissioner of transportation for grants under Minnesota Statutes,
section 174.40.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation; general fund. new text end

new text begin $3,200,000 is appropriated from the
general fund to the commissioner of transportation for planning grants for proposals that
are consistent with the safe routes to school program under Minnesota Statutes, section
174.40, and that will maximize the ability of the commissioner and grantees to use federal
program funds.
new text end

new text begin Subd. 3. 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 $12,800,000 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