as introduced - 93rd Legislature (2023 - 2024) Posted on 03/06/2023 04:14pm
Engrossments | ||
---|---|---|
Introduction | Posted on 02/10/2023 |
A bill for an act
relating to capital investment; appropriating money for a new spur of the Mesabi
Trail; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$2,300,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to the St. Louis and Lake Counties
Regional Railroad Authority to predesign, design, engineer, and construct a spur of up to
5.5 miles of the Mesabi Trail connecting the communities of Aurora and Hoyt Lakes in St.
Louis County. This appropriation does not require a nonstate contribution.
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 $2,300,000 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
This section is effective the day following final enactment.
new text end